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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 all values considered in calculating an index are of equal importance, the index is
Question # 2
Paasche's index is also called
Question # 3
Theoretically best average used in the construction of composite index in
Question # 4
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 # 5
The base period in fixed bases should be________
Question # 6
Which is the most useful average in chain base method
Question # 7
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 8
Price relatives is a ratio of current year price and.
Question # 9
The weights used in a quantity index are
Question # 10
To measrue how much the cost of some variable changes over time you would use.
Question # 11
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 12
Commodities subject to considerable price variation should be best measured by
Question # 13
An index that measures the change for a fixed time period is called.
Question # 14
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 15
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 16
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 17
Commodities subject to considerable price variation should best be measured by
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 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 2 | If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to: |
A. 100
B. 104.1
C. 106.2
D. 110.2
|
| 3 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 4 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 5 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of thes
|
| 6 | Index number of the year text to the base year can be shown as |
A. Qn
B. Qon
C. Q01
D. Qoi
|
| 7 | Which index numbers are used to measure the buying power of the money |
A. Wholesale Price index number
B. Money index number
C. Simple index number
D. Price index number
|
| 8 | 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
|
| 9 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 10 | 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
|
Test Questions