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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 of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 2
The consumer price index number is also called.
Question # 3
Both quantities and prices are used in:
Question # 4
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 5
Paasche's index is also called
Question # 6
Base yar weighted index number are.
Question # 7
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 8
An index that measures the change for a fixed time period is called.
Question # 9
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 10
An index having a wide scope is called:
Question # 11
Theoretically best average used in the construction of composite index in
Question # 12
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 13
In chain base method the base period is.
Question # 14
In a fixed base method which period is taken always 100
Question # 15
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 16
Commodities subject to considerable price variation should be best measured by
Question # 17
Composite inde numebr involves commodities.
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 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
|
| 2 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 3 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 4 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 5 | Value of commodity can be calculate by the formula |
A. Po x Pn
B. Price x volume
C.
D. Price x quantity
|
| 6 | 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
|
| 7 | 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
|
| 8 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 9 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.