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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
Commodities subject to considerable price variation should best be measured by
Question # 2
The index numbers are generally classified into ------------- types
Question # 3
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 4
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 # 5
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 6
the base period can be described as a normal period if
Question # 7
Composite inde numebr involves commodities.
Question # 8
Price of commodity in current year can be represented as
Question # 9
In fixed base method, the base period should be.
Question # 10
Paasche's index is also called
Question # 11
Base yar weighted index number are.
Question # 12
Geometric mean of the relative is.
Question # 13
Theoretically best average used in the construction of composite index in
Question # 14
Geometric mean is a suitable average in ______ method.
Question # 15
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 16
When all the commodities are not of equal importance, the index numbers are called.
Question # 17
Index number of the year text to the base year can be shown 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 | 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
|
| 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 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
|
| 4 | 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
|
| 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 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
| 7 | The price used in the construction of consumer price index numbers are. |
A. The retail prices
B. The fixed price
C. Thw wholsale prices
D. None of these
|
| 8 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 9 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 10 | Which index numbers are used to measure the buying power of the money |
A. Wholesale Price index number
B. Money index number
C. Simple index number
D. Price index number
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.