First Year ICS Statistics Chapter 5 Online MCQ Test (Index Numbers)

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ICS Part 1 Statistics Chapter 5 Important MCQ's

Sr.#	Question	Answer
1	Commodities subject to considerable price variation should best be measured by	A. Quantity index B. Price index C. Value index D. None of thes
2	Laspeyres index number is also called as:	A. Base year weight index number B. Current year weight index number C. Ideal index number D. Fisher index number
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	If all values considered in calculating an index are of equal importance, the index is	A. Weighted B. Simple C. Un weighted D. None of these
5	In a fixed base method which period is taken always 100	A. Preceding B. Following C. Base D. Current
6	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
7		A. The Laspeyres index B. The Paasches index C. The value index D. None of these
8	Both quantities and prices are used in:	A. Link relatives B. Chain relatives C. Average of relatives  D. Aggregative index number
9	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
10	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