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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 change is whole sale or retail are studied ___________
Question # 2
Commodities subject to considerable price variation should best be measured by
Question # 3
Geometric mean is a suitable average in ______ method.
Question # 4
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 5
The volume or quantity of goods are compared by_______
Question # 6
An index that measures the change for a fixed time period is called.
Question # 7
The base period in fixed base should be
Question # 8
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 9
The index numbers are generally classified into ------------- types
Question # 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.
Question # 11
Geometric mean of the relative is.
Question # 12
In the price relative, the given year price is divided by the _________.
Question # 13
The volume or quantity of goods are compared by
Question # 14
If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993.
Question # 15
For computing chain index , we compute
Question # 16
The changes in whole sale or retail price are studies in
Question # 17
An index having a wide scope is called:
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 base period when computing a weighted index. |
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
|
| 2 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 3 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 4 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 5 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 6 | Which of the followingindices satisfies both the time reversal and factor reversal tests. |
A. Fisher's method
B. Paasche's method
C. Laspeyres method
D. None of these
|
| 7 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 8 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 9 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 10 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.