5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

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

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

Sr. # Questions Answers Choice
1 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
2 the base period can be described as a normal period if
  • A. it is neither the peak nor the trough of a fluctuation
  • B. It is the most recent period for which we have data
  • C. It is the average of several consecutive pariods
  • D. None of these
3 Which of the following methods uses quantities consumed in the base period when computing a weighted index.
  • A. Laspeyree'method
  • B. Paasche's method
  • C. Fisher's method
  • D. None of these
4 Commodities subject to considerable price variation should best be measured by
  • A. Quantity index
  • B. Price index
  • C. Value index
  • D. None of thes
5 Geometric mean is a suitable average in ______ method.
  • A. Price index
  • B. Chanin bases
  • C. Quantity index
  • D. Index mean
6 Which of the following indices satisfies both the time reversal and factor reveral tests.
  • A. Laspeyres' index
  • B. Fisher's index
  • C. Paasche's index
  • D. Marshall -edge worth
7 Both quantities and prices are used in
  • A. Link relatives
  • B. Chain relatives
  • C. Average of relatives
  • D. Aggregative index numbers
8 In chain base method the base period is.
  • A. Fixed
  • B. Changed
  • C. Constant
  • D. None of these
9 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
10 Index number are called:
  • A. Mathematical barometer
  • B. Economic barometer
  • C. Statistical barometer
  • D. Both A and C

Top Scorers of Statistics Ics Part 1 Chapter 5 Online Test

A

Ahmed Qayyum

Lahore08 - Jul - 2025

10/17
14 Mins 58 Sec
A

Aneeqa Ilyas

Lahore27 - Apr - 2025

9/17
03 Mins 59 Sec
S

Sajjad Sandhu

Lahore15 - May - 2025

9/17
04 Mins 21 Sec

Share your comments questions here
Sort By:
  • M

    Merry

    28 Mar 2016

    This is very inf0rmative site.

    Like (1)
    Reply
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer