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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 of the following indices has an upward bias.
Question # 2
Which method of construction of consumer price index number is the laspeye's index number.
Question # 3
Which index number has a wide soope
Question # 4
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 5
If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993.
Question # 6
The index number are generally classified into ___________ types.
Question # 7
In a fixed base method which period is taken always 100
Question # 8
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 9
When all the commodities are not of equal importance, the index numbers are called.
Question # 10
Laspeyres index number is also called as:
Question # 11
The volume or quantity of goods are compared by_______
Question # 12
Circular test is satisfied by
Question # 13
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 14
Commodities subject to considerable price variation should best be measured by
Question # 15
Composite inde numebr involves commodities.
Question # 16
Base yar weighted index number are.
Question # 17
If we went to compare the prices of wheat then we have to compute.
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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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
| 2 | 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
|
| 3 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of thes
|
| 4 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 5 | If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993. |
A. 90.0
B. 13.75
C. 880
D. 110
|
| 6 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 7 | If an unweighed average of revalives index pn/po x 100 is calculated for each product in the compostive, what is then done with these values to finish the calculation. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 8 | If all the value of have equal importance,then we have to assigned certain values is such index number are called. |
A. Weighted index number
B. Un-weighted index
C. Both A and B
D. Average
|
| 9 | If all the values considered in calculating an inxed are of equal importance, teh index is. |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 10 | Which of the following methods uses quantities consumed in the base period when computing a weighted index. |
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
|
Test Questions