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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
Theoretically best average used in the construction of composite index in
Question # 2
Which index numbers are used to measure the buying power of the money
Question # 3
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 4
The index number are generally classified into ___________ types.
Question # 5
The base period in fixed bases should be________
Question # 6
An index that measures the change for a fixed time period is called.
Question # 7
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 8
Commodities subject to considerable price variation should best be measured by
Question # 9
The weights used in a price index are.
Question # 10
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 11
Laspeyres index number is also called as:
Question # 12
Value of commodity can be calculate by the formula
Question # 13
The weights used in a quantity index are
Question # 14
Index for base period is always take as.
Question # 15
Link relataives can be obtained dividing Pn by
Question # 16
Which is the most useful average in chain base method
Question # 17
Circular test is satisfied by
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 | If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to: |
A. 100
B. 104.1
C. 106.2
D. 110.2
|
| 3 | Which ofthe following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres method
B. Marshall -Edge worth's methods
C. Peasche's method
D. Fisher's method
|
| 4 | Laspeyres index number is also called as: |
A. Base year weight index number
B. Current year weight index number
C. Ideal index number
D. Fisher index number
|
| 5 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 6 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 7 | 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
|
| 8 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 9 | Which of the followingindices satisfies both the time reversal and factor reversal tests. |
A. Fisher's method
B. Paasche's method
C. Laspeyres method
D. None of these
|
| 10 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
|
Test Questions