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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 following indices satisfies both the time reversal and factor reveral tests.
Question # 2
Paasche's index is also called
Question # 3
Importance of commodity is its
Question # 4
Base yar weighted index number are.
Question # 5
In the price relative, the given year price is divided by the _________.
Question # 6
The volume or quantity of goods are compared by
Question # 7
If we went to compare the prices of wheat then we have to compute.
Question # 8
The weights used in a price index are.
Question # 9
Commodities subject to considerable price variation should be best measured by
Question # 10
Consumer price indexis obtained by.
Question # 11
Index number are called:
Question # 12
Laspeyres index number is also called as:
Question # 13
The changes in whole sale or retail price are studies in
Question # 14
Link relataives can be obtained dividing Pn by
Question # 15
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 16
If an unweighed average of revalives index pn/po x 100 is calculated for each product in the compostive, what is then done with these values to finish the calculation.
Question # 17
How many basic types of index numbers.
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 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 2 | 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
|
| 3 | 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
|
| 4 | Which of the followingindices satisfies both the time reversal and factor reversal tests. |
A. Fisher's method
B. Paasche's method
C. Laspeyres method
D. None of these
|
| 5 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 6 | The volume or quantity of goods are compared by_______ |
A. Price index number
B. Volume index number
C. Quantity
D. None of these
|
| 7 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 8 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 9 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 10 | If an unweighed average of revalives index pn/po x 100 is calculated for each product in the compostive, what is then done with these values to finish the calculation. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
Test Questions