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

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

ICS Part 1 Statistics Chapter 5 Test

Start Chapter 5 Test

ICS Part 1 Statistics Chapter Wise Test

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"

  • Total Questions17

  • Time Allowed20

Statistics Ics Part 1 Chapter 5 Online Test

00:00
Question # 1

Consumer price indexis obtained by.

Question # 2

The volume or quantity of goods are compared by

Question # 3

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

Question # 4

The volume or quantity of goods are compared by_______

Question # 5

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

Question # 6

The weights used in a quantity index are

Question # 7

Which of the following methods uses quantities consumed in the base period when computing a weighted index.

Question # 8

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

Question # 9

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

Question # 10

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

Question # 11

To measrue how much the cost of some variable changes over time you would use.

Question # 12

For computing chain index , we compute

Question # 13

Paasche's index is also called

Question # 14

The changes in whole sale or retail price are studies in

Question # 15

Index number are called:

Question # 16

While dealing with price we use ----------------- as weights

Question # 17

Composite inde numebr involves commodities.

Prepare Complete Set Wise Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQs Online With Answers


Topic Test

00:00
5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test

  • A
    Areeha Waheed 13 - Jul - 2024 00 Min 49 Sec 17/17
  • U
    Ubaid Raza 10 - Sep - 2024 01 Min 33 Sec 17/17
  • M
    Maryam Ijaz 20 - Oct - 2024 00 Min 01 Sec 16/17
  • M
    Muhammad boota 11 - Jan - 2024 04 Min 27 Sec 15/17
  • G
    Ghazala Yasmeen 13 - Nov - 2024 03 Min 55 Sec 14/17
  • R
    Raheema Fayyaz 15 - Jan - 2024 06 Min 09 Sec 14/17
  • A
    Ammara 13 - May - 2024 02 Min 13 Sec 13/17
  • M
    muhammad Saad 21 - Apr - 2024 03 Min 04 Sec 13/17
  • M
    Muhammad Ali 02 - Jun - 2024 03 Min 36 Sec 13/17
  • U
    Umm-e-hani Hani 29 - Feb - 2024 05 Min 01 Sec 13/17
  • B
    Babogujjar 08 - Dec - 2024 05 Min 30 Sec 13/17
  • K
    Kashif Zaidi 09 - Sep - 2024 06 Min 21 Sec 13/17
  • U
    Umair 17 - Apr - 2024 07 Min 13 Sec 13/17
  • H
    HAROON ZUBAIR 23 - Oct - 2023 04 Min 31 Sec 12/17
  • E
    Esha Hanif 24 - Jun - 2024 04 Min 38 Sec 12/17

ICS Part 1 Statistics Chapter 5 Important MCQ's

Sr.# Question Answer
1 Which of the following indices has an upward bias.
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
2 Link relataives can be obtained dividing Pn by
A. Po
B. P n-1
C. qo
D. qn-1
3 The index number given by formula Σpnqn/Σpnqn x100 is:
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
4 CPI falls in the category of.
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
5 The change is whole sale or retail are studied  ___________
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
6 The index numbers are generally classified into ------------- types
A. two
B. Four
C. five
D. Three
7 Geometric mean of the relative is.
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
8 If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
A. 100
B. 200
C. Zero
D. 1000
9 If all the values considered in calculating an inxed are of equal importance, teh index is.
A. Weighted
B. Simple
C. Un weighted
D. None of these
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

Is this page helpful?

Share your comments & questions here

Guest
  • Merry

    Merry

    28 Mar 2016

    This is very inf0rmative site.

    Like
    Reply