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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
Commodities subject to considerable price variation should best be measured by
Question # 3
The weights used in a quantity index are
Question # 4
Composite inde numebr involves commodities.
Question # 5
CPI falls in the category of.
Question # 6
Index for base period is always take as.
Question # 7
Which is the most suitabel average in chain base method.
Question # 8
Price relatives is a ratio of current year price and.
Question # 9
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 10
The price used in the construction of consumer price index numbers are.
Question # 11
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 12
Which index number has a wide soope
Question # 13
Importance of commodity is its
Question # 14
The consumer price index number is also called.
Question # 15
The index number are generally classified into ___________ types.
Question # 16
In a fixed base method which period is taken always 100
Question # 17
Which of the following indices has an upward bias.
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 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 2 | To measrue how much the cost of some variable changes over time you would use. |
A. A volue inxex
B. An inflation index
C. A quantity index
D. None of these
|
| 3 | 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
|
| 4 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 5 | Which of the following indices satisfies both the time reversal and factor reveral tests. |
A. Laspeyres' index
B. Fisher's index
C. Paasche's index
D. Marshall -edge worth
|
| 6 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 7 | 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
|
| 8 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 9 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 10 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
Test Questions