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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 weights used in a quantity index are
Question # 2
Link relataives can be obtained dividing Pn by
Question # 3
Both quantities and prices are used in
Question # 4
Paasche's index is also called
Question # 5
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 6
The changes in whole sale or retail price are studies in
Question # 7
Geometric mean of the relative is.
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
The index numbers are generally classified into ------------- types
Question # 10
Base yar weighted index number are.
Question # 11
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 12
If all values considered in calculating an index are of equal importance, the index is
Question # 13
For computing chain index , we compute
Question # 14
Index for base period is always take as.
Question # 15
The most suitable average for computing of index number is:
Question # 16
the base period can be described as a normal period if
Question # 17
Which of the following price indices are prepared by Federal Bureau of Statistics.
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 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 2 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 3 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 4 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 5 | Which of the following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres' method
B. Paache's method
C. Fisher's method
D. Marshall -Edge worth's method
|
| 6 | 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
|
| 7 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 8 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 9 | Theoretically best average used in the construction of composite index in |
A. The arithmetic mean
B. The geometric mean
C. The median
D. The harmonic mean
|
| 10 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
Test Questions