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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
Circular test is satisfied by
Question # 2
If all values considered in calculating an index are of equal importance, the index is
Question # 3
The weights used in a price index are.
Question # 4
Importance of commodity is its
Question # 5
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 6
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 7
Price relatives is a ratio of current year price and.
Question # 8
The most suitable average for computing of index number is:
Question # 9
In fixed base method, the base period should be.
Question # 10
The changes in whole sale or retail price are studies in
Question # 11
The volume or quantity of goods are compared by
Question # 12
Index for base period is always take as.
Question # 13
The index number are generally classified into ___________ types.
Question # 14
Which is the most suitabel average in chain base method.
Question # 15
Which method of construction of consumer price index number is the laspeye's index number.
Question # 16
The price used in the construction of consumer price index numbers are.
Question # 17
Which index numbers are used to measure the buying power of the money
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 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 2 | When the base year values are used as weights, the weighted average of relatives price index is the same as. |
A. the paache's index
B. The laspeyres index
C. The unweighted average of relatives price index
D. None of these
|
| 3 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 4 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 5 | 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. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 6 | 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
|
| 7 | 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
|
| 8 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 9 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.