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

In fixed base method, the base period should be.

• Far away A
• Normal B
• Un reliable C
• Abnormal D

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.

• The values are multiplied together. A
• The largest values is found B
• The valeus are averaged C
• None of them D

Index number are called:

• Mathematical barometer A
• Economic barometer B
• Statistical barometer C
• Both A and C D

The most suitable average for computing of index number is:

• A.M A
• G.M B
• Median C
• H.M D

The changes in whole sale or retail price are studies in

• Price index numbers A
• Volume index numbers B
• Aggregate index numbers C
• Chain index numbers D

The index number given by formula Σp_nq_n/Σp_nq_n x100 is:

• Laspeyres index A
• The paasche's index B
• The value index C
• None of these D

The volume or quantity of goods are compared by_______

• Price index number  A
• Volume index number B
• Quantity C
• None of these D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

An index that measures the change for a fixed time period is called.

• Chain base method A
• Fixed base method B
• Simple aggregative method C
• Cost of living method D

If all values considered in calculating an index are of equal importance, the index is

• Weighted A
• Simple B
• Un weighted C
• None of these D

Theoretically best average used in the construction of composite index in

• The arithmetic mean A
• The geometric mean B
• The median C
• The harmonic mean D

Circular test is satisfied by

• Laspeyres index A
• Paasche's index B
• Fisher's method C
• None of these D

The index numbers are generally classified into ------------- types

• two A
• Four B
• five C
• Three D

the base period can be described as a normal period if

• it is neither the peak nor the trough of a fluctuation A
• It is the most recent period for which we have data B
• It is the average of several consecutive pariods C
• None of these D

The base period  in fixed bases should be________

• A normal year A
• Abnormal year B
• Special C
• General D

Paasche's index number is:

• Simple index number A
• Weighted index number B
• Un-weighted index number C
• Composite index number D

The volume or quantity of goods are compared by

• Price index numbers A
• Relative index numbers B
• Volume index numbers C
• Paasche's index D