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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
Consumer price indexis obtained by.
Question # 2
Base yar weighted index number are.
Question # 3
Commodities subject to considerable price variation should best be measured by
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
If all values considered in calculating an index are of equal importance, the index is
Question # 6
The consumer price index number is also called.
Question # 7
CPI falls in the category of.
Question # 8
The volume or quantity of goods are compared by_______
Question # 9
Importance of commodity is its
Question # 10
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 11
Value of commodity can be calculate by the formula
Question # 12
The price used in the construction of consumer price index numbers are.
Question # 13
To measrue how much the cost of some variable changes over time you would use.
Question # 14
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 15
Which method of construction of consumer price index number is the laspeye's index number.
Question # 16
While dealing with price we use ----------------- as weights
Question # 17
The index number given by formula Σpnqn/Σpnqn x100 is:
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 | 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
|
| 2 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 3 | the base period can be described as a normal period if |
A. it is neither the peak nor the trough of a fluctuation
B. It is the most recent period for which we have data
C. It is the average of several consecutive pariods
D. None of these
|
| 4 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 5 | 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
|
| 6 | 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
|
| 7 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 8 | The volume or quantity of goods are compared by |
A. Price index numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
|
| 9 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 10 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.