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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
If all values considered in calculating an index are of equal importance, the index is
Question # 2
If we went to compare the prices of wheat then we have to compute.
Question # 3
Index number of the year text to the base year can be shown as
Question # 4
Geometric mean is a suitable average in ______ method.
Question # 5
Index for base period is always take as.
Question # 6
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 7
Commodities subject to considerable price variation should best be measured by
Question # 8
The index numbers are generally classified into ------------- types
Question # 9
Which is the most useful average in chain base method
Question # 10
While dealing with price we use ----------------- as weights
Question # 11
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.
Question # 12
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 13
The weights used in a price index are.
Question # 14
Value of commodity can be calculate by the formula
Question # 15
Laspeyres index number is also called as:
Question # 16
Paasche's index number is:
Question # 17
For computing chain index , we compute
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 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
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| 2 | Price relatives is a ratio of current year price and. |
A. Base year quantity
B. Previous year quantity
C. Base year price
D. Current year quantity
|
| 3 | 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
|
| 4 | 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
|
| 5 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 6 | The change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
| 7 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 8 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 9 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 10 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
Test Questions