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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
Geometric mean is a suitable average in ______ method.
Question # 2
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 3
In a fixed base method which period is taken always 100
Question # 4
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 # 5
Commodities subject to considerable price variation should be best measured by
Question # 6
Which method of construction of consumer price index number is the laspeye's index number.
Question # 7
Paasche's index is also called
Question # 8
The price used in the construction of consumer price index numbers are.
Question # 9
An index having a wide scope is called:
Question # 10
Both quantities and prices are used in:
Question # 11
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 12
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 13
Commodities subject to considerable price variation should best be measured by
Question # 14
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 15
Theoretically best average used in the construction of composite index in
Question # 16
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 17
Index number are called:
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 | 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. |
A. 90.0
B. 13.75
C. 880
D. 110
|
| 3 | 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
|
| 4 | 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
|
| 5 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 6 | 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
|
| 7 | The volume or quantity of goods are compared by_______ |
A. Price index number
B. Volume index number
C. Quantity
D. None of these
|
| 8 | 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
|
| 9 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 10 | Which of the following indices satisfies both the time reversal and factor reveral tests. |
A. Laspeyres' index
B. Fisher's index
C. Paasche's index
D. Marshall -edge worth
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.