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

Which of the following indices satisfies both the time reversal and factor reveral tests.

• Laspeyres' index A
• Fisher's index B
• Paasche's index C
• Marshall -edge worth D

Which of the following indices has an upward bias.

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

Both quantities and prices are used in

• Link relatives A
• Chain relatives B
• Average of relatives C
• Aggregative index numbers D

Which of the followingindices satisfies both the time reversal and factor reversal tests.

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

When the base year values are used as weights, the weighted average of relatives price index is the same as.

• the paache's index A
• The laspeyres index B
• The unweighted average of relatives price index C
• None of these D

The base period in fixed base should be

• Current year A
• Normal year B
• Highest year C
• Lowest year D

The weights used in a quantity index are

• Percentage of total quantity A
• Prices B
• Average of quantities C
• None of these D

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.

• 90.0 A
• 13.75 B
• 880 C
• 110 D

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

• two A
• Four B
• five C
• Three D

Both quantities and prices are used in:

• Link relatives A
• Chain relatives B
• Average of relatives  C
• Aggregative index number D

Composite inde numebr involves commodities.

• One A
• Two B
• Three C
• More than one D

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

Which index numbers are used to measure the buying power of the money

• Wholesale Price index number A
• Money index number B
• Simple index number C
• Price index number D

Index number of the year text to the base year can be shown as

• Q_n A
• Q_on B
• Q₀₁ C
• Q_oi D

The weights used in a price index are.

• Percentage of total price A
• Average of prices B
• Quantities C
• None of these D

Which of the followingindices satisfies both the time reversal and factor reversal tests.

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

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

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