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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
Price relatives is a ratio of current year price and.
Question # 2
Paasche's index is also called
Question # 3
Geometric mean of the relative is.
Question # 4
Which is the most suitabel average in chain base method.
Question # 5
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 6
Commodities subject to considerable price variation should be best measured by
Question # 7
Paasche's index number is:
Question # 8
Which of the following indices has an upward bias.
Question # 9
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 10
Base yar weighted index number are.
Question # 11
In the price relative, the given year price is divided by the _________.
Question # 12
The volume or quantity of goods are compared by
Question # 13
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 14
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 15
The index numbers are generally classified into ------------- types
Question # 16
If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993.
Question # 17
If all values considered in calculating an index are of equal importance, the index is
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 | 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
|
| 2 | If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is. |
A. 100
B. 200
C. Zero
D. 1000
|
| 3 | Index number of the year text to the base year can be shown as |
A. Qn
B. Qon
C. Q01
D. Qoi
|
| 4 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
| 5 | 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
|
| 6 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 7 | 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
|
| 8 | Circular test is satisfied by |
A. Laspeyres index
B. Paasche's index
C. Fisher's method
D. None of these
|
| 9 | 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
|
| 10 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.