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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
In chain base method the base period is.
Question # 2
The weights used in a price index are.
Question # 3
The price used in the construction of consumer price index numbers are.
Question # 4
CPI falls in the category of.
Question # 5
The consumer price index number is also called.
Question # 6
the base period can be described as a normal period if
Question # 7
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 8
Circular test is satisfied by
Question # 9
The base period in fixed base should be
Question # 10
In a fixed base method which period is taken always 100
Question # 11
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 12
Theoretically best average used in the construction of composite index in
Question # 13
Price of commodity in current year can be represented as
Question # 14
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 # 15
An index having a wide scope is called:
Question # 16
Which is the most suitabel average in chain base method.
Question # 17
While dealing with price we use ----------------- as weights
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 method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
| 2 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
|
| 3 | The index number given by formula Σpnqn/Σpnqn x100 is: |
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
|
| 4 | Which ofthe following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres method
B. Marshall -Edge worth's methods
C. Peasche's method
D. Fisher's method
|
| 5 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 6 | An index having a wide scope is called: |
A. Price index number
B. General purpose index number
C. Special purpose index number
D. None of these
|
| 7 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 8 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 9 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 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.