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

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 changes in whole sale or retail price are studies in

• Price index numbers A
• Volume index numbers B
• Aggregate index numbers C
• Chain index numbers D

Both quantities and prices are used in:

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

If we went to compare the prices of wheat then we have to compute.

• Price index number A
• Quantity index number B
• Volume index number C
• Both B and C D

Which of the following indices has an upward bias.

• Laspeyres' index A
• Paache's index B
• Fisher's index C
• None of these D

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

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

Laspeyres index number is also called as:

• Base year weight index number A
• Current year weight index number B
• Ideal index number C
• Fisher index number D

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

Which index numbers are used to measure the buying power of the money

• Wholesale Price index number A
• Money index number B
• Simple index number C
• Price index number D

Which index number has a wide soope

• Special A
• General B
• Price C
• Quantity D

The index number are generally classified into ___________ types.

• Two  A
• Four B
• Five C
• Three D

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.

• 90.0 A
• 13.75 B
• 880 C
• 110 D

Circular test is satisfied by

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

Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.

• Laspeyres method A
• Marshall -Edge worth's methods B
• Peasche's method C
• Fisher's method D

The index numbers are generally classified into ------------- types

• two A
• Four B
• five C
• Three D