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5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

This online test contains MCQs about following topics:

Introduction to index number . Construction of price index number . Unweighted index numbers . Weighted index numbers . Consumer price index and wholesale price index

ICS Part 1 Statistics Chapter 5 Test

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ICS Part 1 Statistics Chapter Wise Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

Sr. # Questions Answers Choice
1 If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
  • A. 100
  • B. 200
  • C. Zero
  • D. 1000
2 Which of the followingindices satisfies both the time reversal and factor reversal tests.
  • A. Fisher's method
  • B. Paasche's method
  • C. Laspeyres method
  • D. None of these
3 The base period  in fixed bases should be________
  • A. A normal year
  • B. Abnormal year
  • C. Special
  • D. General
4 Both quantities and prices are used in:
  • A. Link relatives
  • B. Chain relatives
  • C. Average of relatives 
  • D. Aggregative index number
5 Theoretically best average used in the construction of composite index in
  • A. The arithmetic mean
  • B. The geometric mean
  • C. The median
  • D. The harmonic mean
6 Which of the followingindices satisfies both the time reversal and factor reversal tests.
  • A. Fisher's method
  • B. Paasche's method
  • C. Laspeyres method
  • D. None of these
7 Which index numbers are used to measure the buying power of the money
  • A. Wholesale Price index number
  • B. Money index number
  • C. Simple index number
  • D. Price index number
8 Which of the followingindices satisfies both the time reversal and factor reversal tests.
  • A. Fisher's method
  • B. Paasche's method
  • C. Laspeyres method
  • D. None of these
9 The volume or quantity of goods are compared by_______
  • A. Price index number 
  • B. Volume index number
  • C. Quantity
  • D. None of these
10 The consumer price index number is also called.
  • A. The cost of living index number
  • B. The retail price index number
  • C. The wholsale price index number
  • D. Both a and b

Top Scorers of Statistics Ics Part 1 Chapter 5 Online Test

D

Daud Sheraz

Lahore14 - Jan - 2023

15/17
04 Mins 12 Sec
F

Farhana Yasmeen

Lahore06 - Jan - 2023

13/17
02 Mins 37 Sec

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    Merry

    28 Mar 2016

    This is very inf0rmative site.

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