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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 Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 2
Which is the most suitabel average in chain base method.
Question # 3
Paasche's index number is:
Question # 4
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 5
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 6
the base period can be described as a normal period if
Question # 7
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 8
Circular test is satisfied by
Question # 9
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 10
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 # 11
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 12
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 13
Theoretically best average used in the construction of composite index in
Question # 14
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 15
For computing chain index , we compute
Question # 16
The weights used in a price index are.
Question # 17
The weights used in a quantity index are
ICS Part 1 Statistics Chapter 5 MCQs Test
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| Sr.# | Question | Answer |
|---|---|---|
| 1 | If all values considered in calculating an index are of equal importance, the index is |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 2 | To measrue how much the cost of some variable changes over time you would use. |
A. A volue inxex
B. An inflation index
C. A quantity index
D. None of these
|
| 3 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 4 | 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. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 5 | 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
|
| 6 | 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
|
| 7 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 8 | If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is. |
A. 100
B. 200
C. Zero
D. 1000
|
| 9 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 10 | The consumer price index number is also called. |
A. The cost of living index number
B. The retail price index number
C. The wholsale price index number
D. Both a and b
|
Test Questions
