First Year ICS Statistics Chapter 5 Online MCQ Test (Index Numbers)

Consumer price indexis obtained by.

• Paache's formula A
• Marshall Edgeworth formula B
• Fisher's ideal formula C
• Family Budget Method formula D

Both quantities and prices are used in:

• Link relatives A
• Chain relatives B
• Average of relatives  C
• Aggregative index number D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

Geometric mean is a suitable average in ______ method.

• Price index A
• Chanin bases B
• Quantity index C
• Index mean D

If all values considered in calculating an index are of equal importance, the index is

• Weighted A
• Simple B
• Un weighted C
• None of these D

While dealing with price we use ----------------- as weights

• Quantity A
• Quality B
• Volume C
• Both (b) and (c) D

Geometric mean of the relative is.

• Reversible A
• None - Reversible B
• Both A and B C
• None of these D

The base period  in fixed bases should be________

• A normal year A
• Abnormal year B
• Special C
• General D

In fixed base method, the base period should be.

• Far away A
• Normal B
• Un reliable C
• Abnormal D

Circular test is satisfied by

• Laspeyres index A
• Paasche's index B
• Fisher's method C
• None of these D

The most suitable average for computing of index number is:

• A.M A
• G.M B
• Median C
• H.M D

In a fixed base method which period is taken always 100

• Preceding A
• Following B
• Base C
• Current D

Which index numbers are used to measure the buying power of the money

• Wholesale Price index number A
• Money index number B
• Simple index number C
• Price index number D

Value of commodity can be calculate by the formula

• P_o x P_n A
• Price x volume B
• 
  
  
  C
• Price x quantity D

Which of the followingindices satisfies both the time reversal and factor reversal tests.

• Fisher's method A
• Paasche's method B
• Laspeyres method C
• None of these D

Importance of commodity is its

• Quantity A
• Quality B
• Weight C
• Price D

Which of the following methods uses quantities consumed in the current period when computing a weighted index.

• Laspeyres' method A
• Paache's method B
• Fisher's method C
• Marshall -Edge worth's method D