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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 consumer price index number is also called.
Question # 2
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 3
To measrue how much the cost of some variable changes over time you would use.
Question # 4
Which method of construction of consumer price index number is the laspeye's index number.
Question # 5
Index number are called:
Question # 6
Which is the most useful average in chain base method
Question # 7
the base period can be described as a normal period if
Question # 8
Index number of the year text to the base year can be shown as
Question # 9
In fixed base method, the base period should be.
Question # 10
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 11
Theoretically best average used in the construction of composite index in
Question # 12
Commodities subject to considerable price variation should best be measured by
Question # 13
Both quantities and prices are used in
Question # 14
The base period in fixed base should be
Question # 15
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 16
Geometric mean is a suitable average in ______ method.
Question # 17
Which of the following indices satisfies both the time reversal and factor reveral tests.
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 | Which of the following methods uses quantities consumed in the base period when computing a weighted index. |
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
|
| 2 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 3 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 4 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 5 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 6 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 7 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 8 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 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 | 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
|
Test Questions