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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
The base period in fixed base should be
Question # 2
Paasche's index number is:
Question # 3
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 4
The price used in the construction of consumer price index numbers are.
Question # 5
Laspeyres index number is also called as:
Question # 6
The base period in fixed bases should be________
Question # 7
Commodities subject to considerable price variation should best be measured by
Question # 8
Circular test is satisfied by
Question # 9
In fixed base method, the base period should be.
Question # 10
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 11
If all values considered in calculating an index are of equal importance, the index is
Question # 12
Composite inde numebr involves commodities.
Question # 13
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 14
Index number are called:
Question # 15
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 16
To measrue how much the cost of some variable changes over time you would use.
Question # 17
The volume or quantity of goods are compared by
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 | the base period can be described as a normal period if |
A. it is neither the peak nor the trough of a fluctuation
B. It is the most recent period for which we have data
C. It is the average of several consecutive pariods
D. None of these
|
| 2 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 3 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 4 | If all values considered in calculating an index are of equal importance, the index is |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 5 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 6 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 7 | 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
|
| 8 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 9 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
|
| 10 | The volume or quantity of goods are compared by_______ |
A. Price index number
B. Volume index number
C. Quantity
D. None of these
|
Test Questions