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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 index number are generally classified into ___________ types.
Question # 2
The volume or quantity of goods are compared by_______
Question # 3
the base period can be described as a normal period if
Question # 4
The volume or quantity of goods are compared by
Question # 5
When all the commodities are not of equal importance, the index numbers are called.
Question # 6
If all values considered in calculating an index are of equal importance, the index is
Question # 7
Link relataives can be obtained dividing Pn by
Question # 8
The price used in the construction of consumer price index numbers are.
Question # 9
Composite inde numebr involves commodities.
Question # 10
If we went to compare the prices of wheat then we have to compute.
Question # 11
Both quantities and prices are used in
Question # 12
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 13
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 14
The base period in fixed bases should be________
Question # 15
To measrue how much the cost of some variable changes over time you would use.
Question # 16
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 17
The changes in whole sale or retail price are studies in
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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M Maryam Ijaz 20 - Oct - 2024 00 Min 01 Sec 16/17 -
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E Esha Hanif 24 - Jun - 2024 04 Min 38 Sec 12/17
ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 2 | 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
|
| 3 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 4 | The consumer price index number is also called. |
A. The cost of living index number
B. The retail price index number
C. The wholsale price index number
D. Both a and b
|
| 5 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 6 | Which of the following methods uses quantities consumed in the base period when computing a weighted index. |
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
|
| 7 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 8 | 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
|
| 9 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 10 | An index having a wide scope is called: |
A. Price index number
B. General purpose index number
C. Special purpose index number
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.