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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
Commodities subject to considerable price variation should best be measured by
Question # 2
An index having a wide scope is called:
Question # 3
Both quantities and prices are used in:
Question # 4
Circular test is satisfied by
Question # 5
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 6
While dealing with price we use ----------------- as weights
Question # 7
Importance of commodity is its
Question # 8
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 9
Link relataives can be obtained dividing Pn by
Question # 10
Commodities subject to considerable price variation should be best measured by
Question # 11
the base period can be described as a normal period if
Question # 12
Composite inde numebr involves commodities.
Question # 13
If all values considered in calculating an index are of equal importance, the index is
Question # 14
Value of commodity can be calculate by the formula
Question # 15
Which index numbers are used to measure the buying power of the money
Question # 16
When all the commodities are not of equal importance, the index numbers are called.
Question # 17
Paasche's index number is:
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 is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 2 | 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
|
| 3 | When the base year values are used as weights, the weighted average of relatives price index is the same as. |
A. the paache's index
B. The laspeyres index
C. The unweighted average of relatives price index
D. None of these
|
| 4 | 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
|
| 5 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 6 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 7 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 8 | Which index numbers are used to measure the buying power of the money |
A. Wholesale Price index number
B. Money index number
C. Simple index number
D. Price index number
|
| 9 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 10 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.