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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 followingindices satisfies both the time reversal and factor reversal tests.
Question # 2
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 3
Both quantities and prices are used in:
Question # 4
Composite inde numebr involves commodities.
Question # 5
Index for base period is always take as.
Question # 6
Paasche's index number is:
Question # 7
In the price relative, the given year price is divided by the _________.
Question # 8
The index numbers are generally classified into ------------- types
Question # 9
Both quantities and prices are used in
Question # 10
An index that measures the change for a fixed time period is called.
Question # 11
The price used in the construction of consumer price index numbers are.
Question # 12
The change is whole sale or retail are studied ___________
Question # 13
To measrue how much the cost of some variable changes over time you would use.
Question # 14
The consumer price index number is also called.
Question # 15
In a fixed base method which period is taken always 100
Question # 16
Laspeyres index number is also called as:
Question # 17
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
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 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 2 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 3 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 4 | 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
|
| 5 | 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
|
| 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 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 8 | When the base year values are used as weights, the weighted average of relatives price index is the same as. |
A. the paache's index
B. The laspeyres index
C. The unweighted average of relatives price index
D. None of these
|
| 9 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 10 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
Test Questions