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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
In the price relative, the given year price is divided by the _________.
Question # 2
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 3
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 4
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 5
Which index numbers are used to measure the buying power of the money
Question # 6
In chain base method the base period is.
Question # 7
Index number are called:
Question # 8
When all the commodities are not of equal importance, the index numbers are called.
Question # 9
Which index number has a wide soope
Question # 10
The changes in whole sale or retail price are studies in
Question # 11
Index number of the year text to the base year can be shown as
Question # 12
The weights used in a price index are.
Question # 13
If we went to compare the prices of wheat then we have to compute.
Question # 14
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 15
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 16
Both quantities and prices are used in:
Question # 17
Commodities subject to considerable price variation should best be measured 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 | 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
|
| 2 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 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 | Which index numbers are used to measure the buying power of the money |
A. Wholesale Price index number
B. Money index number
C. Simple index number
D. Price index number
|
| 5 | 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
|
| 6 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 7 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 8 | 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
|
| 9 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.