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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 number has a wide soope
Question # 2
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 3
Commodities subject to considerable price variation should be best measured by
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
Price relatives is a ratio of current year price and.
Question # 6
Index number are called:
Question # 7
Which is the most suitabel average in chain base method.
Question # 8
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 9
The price used in the construction of consumer price index numbers are.
Question # 10
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 11
Geometric mean is a suitable average in ______ method.
Question # 12
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 13
The weights used in a price index are.
Question # 14
Index number of the year text to the base year can be shown as
Question # 15
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 # 16
If all values considered in calculating an index are of equal importance, the index is
Question # 17
In fixed base method, the base period should be.
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 | 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
|
| 2 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 3 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 4 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 5 | 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
|
| 6 | Price relatives is a ratio of current year price and. |
A. Base year quantity
B. Previous year quantity
C. Base year price
D. Current year quantity
|
| 7 | Which index numbers are used to measure the buying power of the money |
A. Wholesale Price index number
B. Money index number
C. Simple index number
D. Price index number
|
| 8 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 9 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 10 | When the base year values are used as weights, the weighted average of relatives price index is the same as. |
A. the paache's index
B. The laspeyres index
C. The unweighted average of relatives price index
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.