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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 base period in fixed base should be
Question # 2
Importance of commodity is its
Question # 3
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 4
The weights used in a price index are.
Question # 5
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 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.
Question # 7
For computing chain index , we compute
Question # 8
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 9
Theoretically best average used in the construction of composite index in
Question # 10
Consumer price indexis obtained by.
Question # 11
Both quantities and prices are used in:
Question # 12
Base yar weighted index number are.
Question # 13
Which is the most suitabel average in chain base method.
Question # 14
Composite inde numebr involves commodities.
Question # 15
An index having a wide scope is called:
Question # 16
CPI falls in the category of.
Question # 17
In chain base method the base period is.
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 | An index having a wide scope is called: |
A. Price index number
B. General purpose index number
C. Special purpose index number
D. None of these
|
| 2 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 3 | Theoretically best average used in the construction of composite index in |
A. The arithmetic mean
B. The geometric mean
C. The median
D. The harmonic mean
|
| 4 | 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
|
| 5 | 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
|
| 6 | 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
|
| 7 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 8 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 9 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 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
