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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
Which index numbers are used to measure the buying power of the money
Question # 2
The volume or quantity of goods are compared by_______
Question # 3
Geometric mean of the relative is.
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
The most suitable average for computing of index number is:
Question # 6
In the price relative, the given year price is divided by the _________.
Question # 7
Which of the following indices has an upward bias.
Question # 8
Laspeyres index number is also called as:
Question # 9
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 10
How many basic types of index numbers.
Question # 11
If all values considered in calculating an index are of equal importance, the index is
Question # 12
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 13
Index for base period is always take as.
Question # 14
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 15
The consumer price index number is also called.
Question # 16
While dealing with price we use ----------------- as weights
Question # 17
The price used in the construction of consumer price index numbers are.
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 volume or quantity of goods are compared by |
A. Price index numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
|
| 2 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
| 3 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 4 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 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 | the base period can be described as a normal period if |
A. it is neither the peak nor the trough of a fluctuation
B. It is the most recent period for which we have data
C. It is the average of several consecutive pariods
D. None of these
|
| 7 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 8 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 9 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 10 | The volume or quantity of goods are compared by_______ |
A. Price index number
B. Volume index number
C. Quantity
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.