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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
An index having a wide scope is called:
Question # 3
Base yar weighted index number are.
Question # 4
The most suitable average for computing of index number is:
Question # 5
For computing chain index , we compute
Question # 6
In a fixed base method which period is taken always 100
Question # 7
When all the commodities are not of equal importance, the index numbers are called.
Question # 8
Which of the following indices has an upward bias.
Question # 9
Geometric mean of the relative is.
Question # 10
How many basic types of index numbers.
Question # 11
Price relatives is a ratio of current year price and.
Question # 12
To measrue how much the cost of some variable changes over time you would use.
Question # 13
Commodities subject to considerable price variation should best be measured by
Question # 14
Which is the most suitabel average in chain base method.
Question # 15
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 # 16
In chain base method the base period is.
Question # 17
Paasche's index is also called
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 | The changes in whole sale or retail price are studies in |
A. Price index numbers
B. Volume index numbers
C. Aggregate index numbers
D. Chain index numbers
|
| 2 | 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
|
| 3 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 4 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
|
| 5 | 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
|
| 6 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 7 | If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to: |
A. 100
B. 104.1
C. 106.2
D. 110.2
|
| 8 | The price used in the construction of consumer price index numbers are. |
A. The retail prices
B. The fixed price
C. Thw wholsale prices
D. None of these
|
| 9 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 10 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.