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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 base period can be described as a normal period if
Question # 2
Index number of the year text to the base year can be shown as
Question # 3
Commodities subject to considerable price variation should best be measured by
Question # 4
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 5
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 6
Composite inde numebr involves commodities.
Question # 7
If all values considered in calculating an index are of equal importance, the index is
Question # 8
In fixed base method, the base period should be.
Question # 9
The index numbers are generally classified into ------------- types
Question # 10
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 # 11
Both quantities and prices are used in
Question # 12
Both quantities and prices are used in:
Question # 13
Circular test is satisfied by
Question # 14
When all the commodities are not of equal importance, the index numbers are called.
Question # 15
Which is the most useful average in chain base method
Question # 16
In the price relative, the given year price is divided by the _________.
Question # 17
The consumer price index number is also called.
ICS Part 1 Statistics Chapter 5 MCQs Test
Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
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| 2 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
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| 3 | 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
|
| 4 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
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| 5 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
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| 6 | 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
|
| 7 | 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
|
| 8 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
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| 9 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
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| 10 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
Test Questions