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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
MCQ's Test For Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test"
Try The MCQ's Test For Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test"
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Total Questions17
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Time Allowed20
Statistics Ics Part 1 Chapter 5 Online Test
00:00
Question # 1
Which index numbers are used to measure the buying power of the money
Question # 2
Base yar weighted index number are.
Question # 3
To measrue how much the cost of some variable changes over time you would use.
Question # 4
Price of commodity in current year can be represented as
Question # 5
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 6
If all values considered in calculating an index are of equal importance, the index is
Question # 7
Composite inde numebr involves commodities.
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
Theoretically best average used in the construction of composite index in
Question # 10
In the price relative, the given year price is divided by the _________.
Question # 11
Paasche's index number is:
Question # 12
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 13
Which is the most useful average in chain base method
Question # 14
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 15
The base period in fixed base should be
Question # 16
Index for base period is always take as.
Question # 17
In a fixed base method which period is taken always 100
ICS Part 1 Statistics Chapter 5 MCQs Test
Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test
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A Areeha Waheed 13 - Jul - 2024 00 Min 49 Sec 17/17 -
U Ubaid Raza 10 - Sep - 2024 01 Min 33 Sec 17/17 -
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
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| 2 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 3 | The volume or quantity of goods are compared by_______ |
A. Price index number
B. Volume index number
C. Quantity
D. None of these
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| 4 | Value of commodity can be calculate by the formula |
A. Po x Pn
B. Price x volume
C.
D. Price x quantity
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| 5 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 6 | Which of the following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres' method
B. Paache's method
C. Fisher's method
D. Marshall -Edge worth's method
|
| 7 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 8 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
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| 9 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
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| 10 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
Test Questions