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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
The volume or quantity of goods are compared by
Question # 2
Commodities subject to considerable price variation should be best measured by
Question # 3
the base period can be described as a normal period if
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
The consumer price index number is also called.
Question # 6
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 7
An index that measures the change for a fixed time period is called.
Question # 8
Index number are called:
Question # 9
Index number of the year text to the base year can be shown as
Question # 10
Geometric mean of the relative is.
Question # 11
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 # 12
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.
Question # 13
Price relatives is a ratio of current year price and.
Question # 14
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 15
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 16
The price used in the construction of consumer price index numbers are.
Question # 17
Which of the following indices satisfies both the time reversal and factor reveral tests.
ICS Part 1 Statistics Chapter 5 MCQs Test
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| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which of the following price indices are prepared by Federal Bureau of Statistics. |
A. Wholesale price index
B. Consumer price index
C. Sensitive price indicator
D. All of these
|
| 2 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
| 3 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 4 | To measrue how much the cost of some variable changes over time you would use. |
A. A volue inxex
B. An inflation index
C. A quantity index
D. None of these
|
| 5 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
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 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 8 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 9 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 10 | 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
|
| 11 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 12 | 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
|
| 13 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
| 14 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 15 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 16 | 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
|
| 17 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
|
Test Questions
