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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 followingindices satisfies both the time reversal and factor reversal tests.
Question # 2
Index for base period is always take as.
Question # 3
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 4
The volume or quantity of goods are compared by_______
Question # 5
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 # 6
the base period can be described as a normal period if
Question # 7
Circular test is satisfied by
Question # 8
Commodities subject to considerable price variation should best be measured by
Question # 9
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 10
The index numbers are generally classified into ------------- types
Question # 11
When all the commodities are not of equal importance, the index numbers are called.
Question # 12
Theoretically best average used in the construction of composite index in
Question # 13
The base period in fixed bases should be________
Question # 14
Commodities subject to considerable price variation should be best measured by
Question # 15
Composite inde numebr involves commodities.
Question # 16
If all values considered in calculating an index are of equal importance, the index is
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 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 2 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 3 | 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
|
| 4 | If all the value of have equal importance,then we have to assigned certain values is such index number are called. |
A. Weighted index number
B. Un-weighted index
C. Both A and B
D. Average
|
| 5 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 6 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 7 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 8 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
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| 9 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 10 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
Test Questions