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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
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.
Question # 2
The changes in whole sale or retail price are studies in
Question # 3
Theoretically best average used in the construction of composite index in
Question # 4
Composite inde numebr involves commodities.
Question # 5
The index numbers are generally classified into ------------- types
Question # 6
Laspeyres index number is also called as:
Question # 7
In a fixed base method which period is taken always 100
Question # 8
Geometric mean is a suitable average in ______ method.
Question # 9
An index having a wide scope is called:
Question # 10
Circular test is satisfied by
Question # 11
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 12
the base period can be described as a normal period if
Question # 13
The index number are generally classified into ___________ types.
Question # 14
The most suitable average for computing of index number is:
Question # 15
Price of commodity in current year can be represented as
Question # 16
If we went to compare the prices of wheat then we have to compute.
Question # 17
Which index number has a wide soope
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 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 2 | 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
|
| 3 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 4 | Which of the following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres' method
B. Paache's method
C. Fisher's method
D. Marshall -Edge worth's method
|
| 5 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 6 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 7 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 8 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 9 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 10 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.