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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
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 2
Index for base period is always take as.
Question # 3
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 4
the base period can be described as a normal period if
Question # 5
Circular test is satisfied by
Question # 6
CPI falls in the category of.
Question # 7
An index that measures the change for a fixed time period is called.
Question # 8
Which is the most suitabel average in chain base method.
Question # 9
Theoretically best average used in the construction of composite index in
Question # 10
Commodities subject to considerable price variation should be best measured by
Question # 11
The changes in whole sale or retail price are studies in
Question # 12
The base period in fixed base should be
Question # 13
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 14
The price used in the construction of consumer price index numbers are.
Question # 15
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 16
Both quantities and prices are used in:
Question # 17
Which of the followingindices satisfies both the time reversal and factor reversal tests.
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 | Value of commodity can be calculate by the formula |
A. Po x Pn
B. Price x volume
C.
D. Price x quantity
|
| 2 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 3 | If all values considered in calculating an index are of equal importance, the index is |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 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 | 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
|
| 6 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 7 | 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
|
| 8 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 9 | When the base year values are used as weights, the weighted average of relatives price index is the same as. |
A. the paache's index
B. The laspeyres index
C. The unweighted average of relatives price index
D. None of these
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.