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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
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 3
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 4
If we went to compare the prices of wheat then we have to compute.
Question # 5
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 6
Which method of construction of consumer price index number is the laspeye's index number.
Question # 7
Which of the following indices has an upward bias.
Question # 8
Composite inde numebr involves commodities.
Question # 9
The price used in the construction of consumer price index numbers are.
Question # 10
The base period in fixed bases should be________
Question # 11
Price of commodity in current year can be represented as
Question # 12
The changes in whole sale or retail price are studies in
Question # 13
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 14
Paasche's index number is:
Question # 15
For computing chain index , we compute
Question # 16
The index numbers are generally classified into ------------- types
Question # 17
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
ICS Part 1 Statistics Chapter 5 MCQs Test
Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 2 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 3 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 4 | 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
|
| 5 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 6 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 7 | 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
|
| 8 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 9 | The volume or quantity of goods are compared by |
A. Price index numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
|
| 10 | 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
|
Test Questions