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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
If we went to compare the prices of wheat then we have to compute.
Question # 2
Composite inde numebr involves commodities.
Question # 3
An index having a wide scope is called:
Question # 4
For computing chain index , we compute
Question # 5
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 6
Geometric mean of the relative is.
Question # 7
Base yar weighted index number are.
Question # 8
The consumer price index number is also called.
Question # 9
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 10
Price of commodity in current year can be represented as
Question # 11
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 12
The change is whole sale or retail are studied ___________
Question # 13
The volume or quantity of goods are compared by
Question # 14
CPI falls in the category of.
Question # 15
Which is the most suitabel average in chain base method.
Question # 16
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 17
The changes in whole sale or retail price are studies in
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 | Laspeyres index number is also called as: |
A. Base year weight index number
B. Current year weight index number
C. Ideal index number
D. Fisher index number
|
| 2 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 3 | 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
|
| 4 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 5 | 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
|
| 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. |
A. 90.0
B. 13.75
C. 880
D. 110
|
| 7 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 8 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 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 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.