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

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ICS Part 1 Statistics Chapter 5 Important MCQ's

Sr.#	Question	Answer
1	Which is the most useful average in chain base method	A. Arithmetic mean B. Median C. Geometric mean D. Weighted arithmetic mean
2	If an unweighed average of revalives index pn/po x 100 is calculated for each product in the compostive, what is then done with these values to finish the calculation.	A. The values are multiplied together. B. The largest values is found C. The valeus are averaged D. None of them
3	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
4		A. The Laspeyres index B. The Paasches index C. The value index D. None of these
5	The base period in fixed base should be	A. Current year B. Normal year C. Highest year D. Lowest year
6	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
7	While dealing with price we use ----------------- as weights	A. Quantity B. Quality C. Volume D. Both (b) and (c)
8	Geometric mean of the relative is.	A. Reversible B. None - Reversible C. Both A and B D. None of these
9	If all the value of have equal importance,then we have to assigned certain values is such index number are called.	A. Weighted index number B. Un-weighted index C. Both A and B D. Average
10	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