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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
Price of commodity in current year can be represented as
Question # 2
Theoretically best average used in the construction of composite index in
Question # 3
Consumer price indexis obtained by.
Question # 4
The consumer price index number is also called.
Question # 5
Both quantities and prices are used in:
Question # 6
CPI falls in the category of.
Question # 7
When all the commodities are not of equal importance, the index numbers are called.
Question # 8
In a fixed base method which period is taken always 100
Question # 9
The volume or quantity of goods are compared by_______
Question # 10
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 11
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.
Question # 12
Which of the following indices has an upward bias.
Question # 13
Which method of construction of consumer price index number is the laspeye's index number.
Question # 14
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 15
Laspeyres index number is also called as:
Question # 16
Circular test is satisfied by
Question # 17
Which index number has a wide soope
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 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 3 | Which of the following indices satisfies both the time reversal and factor reveral tests. |
A. Laspeyres' index
B. Fisher's index
C. Paasche's index
D. Marshall -edge worth
|
| 4 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 5 | If all the values considered in calculating an inxed are of equal importance, teh index is. |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 6 | Index number of the year text to the base year can be shown as |
A. Qn
B. Qon
C. Q01
D. Qoi
|
| 7 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 8 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
| 9 | The change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.