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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
When all the commodities are not of equal importance, the index numbers are called.
Question # 2
In fixed base method, the base period should be.
Question # 3
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 4
Value of commodity can be calculate by the formula
Question # 5
Which is the most suitabel average in chain base method.
Question # 6
The changes in whole sale or retail price are studies in
Question # 7
The change is whole sale or retail are studied ___________
Question # 8
The index number are generally classified into ___________ types.
Question # 9
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 10
An index having a wide scope is called:
Question # 11
In a fixed base method which period is taken always 100
Question # 12
Index number are called:
Question # 13
Price relatives is a ratio of current year price and.
Question # 14
Geometric mean is a suitable average in ______ method.
Question # 15
If we went to compare the prices of wheat then we have to compute.
Question # 16
Commodities subject to considerable price variation should be best measured by
Question # 17
Which index numbers are used to measure the buying power of the money
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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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If all the values considered in calculating an inxed are of equal importance, teh index is. |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 2 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 3 | The index number given by formula Σpnqn/Σpnqn x100 is: |
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
|
| 4 | 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
|
| 5 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 6 | 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
|
| 7 | 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
|
| 8 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 9 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 10 | Which of the followingindices satisfies both the time reversal and factor reversal tests. |
A. Fisher's method
B. Paasche's method
C. Laspeyres method
D. None of these
|
Test Questions
Share your comments & questions here
Merry
28 Mar 2016This is very inf0rmative site.