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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
When all the commodities are not of equal importance, the index numbers are called.
Question # 2
Circular test is satisfied by
Question # 3
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 4
The index number are generally classified into ___________ types.
Question # 5
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 6
Geometric mean is a suitable average in ______ method.
Question # 7
In fixed base method, the base period should be.
Question # 8
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 9
If we went to compare the prices of wheat then we have to compute.
Question # 10
The changes in whole sale or retail price are studies in
Question # 11
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 12
An index that measures the change for a fixed time period is called.
Question # 13
The most suitable average for computing of index number is:
Question # 14
Commodities subject to considerable price variation should best be measured by
Question # 15
Importance of commodity is its
Question # 16
Laspeyres index number is also called as:
Question # 17
Which index number has a wide soope
ICS Part 1 Statistics Chapter 5 MCQs Test
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The changes in whole sale or retail price are studies in |
A. Price index numbers
B. Volume index numbers
C. Aggregate index numbers
D. Chain index numbers
|
| 2 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 3 | 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
|
| 4 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 5 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 6 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
| 7 | 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
|
| 8 | 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
|
| 9 | An index having a wide scope is called: |
A. Price index number
B. General purpose index number
C. Special purpose index number
D. None of these
|
| 10 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.