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5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

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

ICS Part 1 Statistics Chapter 5 Test

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ICS Part 1 Statistics Chapter Wise Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

Sr. # Questions Answers Choice
1 How many basic types of index numbers.
  • A. 2
  • B. 3
  • C. 4
  • D. 5
2 To measrue how much the cost of some variable changes over time you would use.
  • A. A volue inxex
  • B. An inflation index
  • C. A quantity index
  • D. None of these
3 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
4 In chain base method the base period is.
  • A. Fixed
  • B. Changed
  • C. Constant
  • D. None of these
5 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
6 The weights used in a quantity index are
  • A. Percentage of total quantity
  • B. Prices
  • C. Average of quantities
  • D. None of these
7 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.
  • A. 90.0
  • B. 13.75
  • C. 880
  • D. 110
8 Which is the most suitabel average in chain base method.
  • A. Arithemetic mean
  • B. Median
  • C. Geometric mean
  • D. Weighted arithmetic mean
9 Commodities subject to considerable price variation should be best measured by
  • A. Quantity index
  • B. Price index
  • C. Value index
  • D. None of these
10 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

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    Merry

    28 Mar 2016

    This is very inf0rmative site.

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