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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 price indices are prepared by Federal Bureau of Statistics.
Question # 2
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 3
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 4
The base period in fixed bases should be________
Question # 5
The weights used in a price index are.
Question # 6
Value of commodity can be calculate by the formula
Question # 7
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 8
Commodities subject to considerable price variation should be best measured by
Question # 9
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 10
In the price relative, the given year price is divided by the _________.
Question # 11
In fixed base method, the base period should be.
Question # 12
the base period can be described as a normal period if
Question # 13
Index number are called:
Question # 14
Paasche's index is also called
Question # 15
How many basic types of index numbers.
Question # 16
Laspeyres index number is also called as:
Question # 17
Which is the most useful average in chain base method
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 best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of thes
|
| 2 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 3 | 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
|
| 4 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 5 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 6 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 7 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 8 | The price used in the construction of consumer price index numbers are. |
A. The retail prices
B. The fixed price
C. Thw wholsale prices
D. None of these
|
| 9 | The changes in whole sale or retail price are studies in |
A. Price index numbers
B. Volume index numbers
C. Aggregate index numbers
D. Chain index numbers
|
| 10 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
Test Questions
Share your comments & questions here
Merry
28 Mar 2016This is very inf0rmative site.