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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
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 2
While dealing with price we use ----------------- as weights
Question # 3
Which is the most useful average in chain base method
Question # 4
The changes in whole sale or retail price are studies in
Question # 5
CPI falls in the category of.
Question # 6
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 7
Both quantities and prices are used in
Question # 8
The change is whole sale or retail are studied ___________
Question # 9
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 10
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 11
When all the commodities are not of equal importance, the index numbers are called.
Question # 12
Commodities subject to considerable price variation should best be measured by
Question # 13
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 14
An index having a wide scope is called:
Question # 15
The price used in the construction of consumer price index numbers are.
Question # 16
Which method of construction of consumer price index number is the laspeye's index number.
Question # 17
The weights used in a quantity index are
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 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 2 | 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
|
| 3 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 4 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 5 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 6 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 7 | Which ofthe following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres method
B. Marshall -Edge worth's methods
C. Peasche's method
D. Fisher's method
|
| 8 | 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
|
| 9 | 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
|
| 10 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.