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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
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 3
An index having a wide scope is called:
Question # 4
Theoretically best average used in the construction of composite index in
Question # 5
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 6
The consumer price index number is also called.
Question # 7
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 8
Value of commodity can be calculate by the formula
Question # 9
While dealing with price we use ----------------- as weights
Question # 10
The weights used in a price index are.
Question # 11
The volume or quantity of goods are compared by
Question # 12
Paasche's index is also called
Question # 13
The base period in fixed base should be
Question # 14
Composite inde numebr involves commodities.
Question # 15
The index number are generally classified into ___________ types.
Question # 16
Price of commodity in current year can be represented as
Question # 17
Laspeyres index number is also called as:
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 | 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
|
| 2 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 3 | The change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
| 4 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 5 | Which of the following price indices are prepared by Federal Bureau of Statistics. |
A. Wholesale price index
B. Consumer price index
C. Sensitive price indicator
D. All of these
|
| 6 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 7 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 8 | 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
|
| 9 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 10 | If an unweighed average of revalives index pn/po x 100 is calculated for each product in the compostive, what is then done with these values to finish the calculation. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
Test Questions