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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
The weights used in a price index are.
Question # 2
Consumer price indexis obtained by.
Question # 3
The index number are generally classified into ___________ types.
Question # 4
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 5
The base period in fixed base should be
Question # 6
Circular test is satisfied by
Question # 7
When all the commodities are not of equal importance, the index numbers are called.
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
While dealing with price we use ----------------- as weights
Question # 10
Geometric mean is a suitable average in ______ method.
Question # 11
Laspeyres index number is also called as:
Question # 12
Theoretically best average used in the construction of composite index in
Question # 13
An index having a wide scope is called:
Question # 14
The change is whole sale or retail are studied ___________
Question # 15
The changes in whole sale or retail price are studies in
Question # 16
The volume or quantity of goods are compared by
Question # 17
When the base year values are used as weights, the weighted average of relatives price index is the same as.
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 Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is. |
A. 100
B. 200
C. Zero
D. 1000
|
| 2 | 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
|
| 3 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 4 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 5 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 6 | Which ofthe following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres method
B. Marshall -Edge worth's methods
C. Peasche's method
D. Fisher's method
|
| 7 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 8 | 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
|
| 9 | Which of the following price indices are prepared by Federal Bureau of Statistics. |
A. Wholesale price index
B. Consumer price index
C. Sensitive price indicator
D. All of these
|
| 10 | 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
|
Test Questions