First Year ICS Statistics Chapter 5 Online MCQ Test (Index Numbers)

If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:

• 100 A
• 104.1 B
• 106.2 C
• 110.2 D

The volume or quantity of goods are compared by

• Price index numbers A
• Relative index numbers B
• Volume index numbers C
• Paasche's index D

When the base year values are used as weights, the weighted average of relatives price index is the same as.

• the paache's index A
• The laspeyres index B
• The unweighted average of relatives price index C
• None of these D

Which of the followingindices satisfies both the time reversal and factor reversal tests.

• Fisher's method A
• Paasche's method B
• Laspeyres method C
• None of these D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

Commodities subject to considerable price variation should best be measured by

• Quantity index A
• Price index B
• Value index C
• None of thes D

If all values considered in calculating an index are of equal importance, the index is

• Weighted A
• Simple B
• Un weighted C
• None of these D

In fixed base method, the base period should be.

• Far away A
• Normal B
• Un reliable C
• Abnormal D

Commodities subject to considerable price variation should be best measured by

• Quantity index A
• Price index B
• Value index C
• None of these D

Theoretically best average used in the construction of composite index in

• The arithmetic mean A
• The geometric mean B
• The median C
• The harmonic mean D

The change is whole sale or retail are studied  ___________

• Price index number A
• Quantity index number B
• Volume index number C
• None of these D

The weights used in a quantity index are

• Percentage of total quantity A
• Prices B
• Average of quantities C
• None of these D

The index number are generally classified into ___________ types.

• Two  A
• Four B
• Five C
• Three D

Composite inde numebr involves commodities.

• One A
• Two B
• Three C
• More than one D

Both quantities and prices are used in:

• Link relatives A
• Chain relatives B
• Average of relatives  C
• Aggregative index number D

The base period in fixed base should be

• Current year A
• Normal year B
• Highest year C
• Lowest year D

Commodities subject to considerable price variation should best be measured by

• Quantity index A
• Price index B
• Value index C
• None of these D