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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
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 2
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 3
If all values considered in calculating an index are of equal importance, the index is
Question # 4
Composite inde numebr involves commodities.
Question # 5
Base yar weighted index number are.
Question # 6
Importance of commodity is its
Question # 7
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 8
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 # 9
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 10
How many basic types of index numbers.
Question # 11
In fixed base method, the base period should be.
Question # 12
Which method of construction of consumer price index number is the laspeye's index number.
Question # 13
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 14
In the price relative, the given year price is divided by the _________.
Question # 15
Price relatives is a ratio of current year price and.
Question # 16
Which is the most suitabel average in chain base method.
Question # 17
While dealing with price we use ----------------- as weights
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 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 2 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 3 | 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
|
| 4 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 5 | Price relatives is a ratio of current year price and. |
A. Base year quantity
B. Previous year quantity
C. Base year price
D. Current year quantity
|
| 6 | Which of the following price indices are prepared by Federal Bureau of Statistics. |
A. Wholesale price index
B. Consumer price index
C. Sensitive price indicator
D. All of these
|
| 7 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 8 | The index number given by formula Σpnqn/Σpnqn x100 is: |
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
|
| 9 | 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
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.