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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
Price relatives is a ratio of current year price and.
Question # 2
Which is the most useful average in chain base method
Question # 3
The weights used in a price index are.
Question # 4
Circular test is satisfied by
Question # 5
the base period can be described as a normal period if
Question # 6
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 7
Geometric mean is a suitable average in ______ method.
Question # 8
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 # 9
While dealing with price we use ----------------- as weights
Question # 10
How many basic types of index numbers.
Question # 11
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 12
Importance of commodity is its
Question # 13
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 14
When all the commodities are not of equal importance, the index numbers are called.
Question # 15
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 16
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 17
Base yar weighted index number are.
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 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
|
| 2 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 3 | Circular test is satisfied by |
A. Laspeyres index
B. Paasche's index
C. Fisher's method
D. None of these
|
| 4 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 5 | If all values considered in calculating an index are of equal importance, the index is |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 6 | 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
|
| 7 | 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. |
A. 90.0
B. 13.75
C. 880
D. 110
|
| 8 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 9 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 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.