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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 all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 2
Theoretically best average used in the construction of composite index in
Question # 3
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 4
An index having a wide scope is called:
Question # 5
The change is whole sale or retail are studied ___________
Question # 6
Paasche's index number is:
Question # 7
Value of commodity can be calculate by the formula
Question # 8
Geometric mean is a suitable average in ______ method.
Question # 9
Which index numbers are used to measure the buying power of the money
Question # 10
If we went to compare the prices of wheat then we have to compute.
Question # 11
The volume or quantity of goods are compared by_______
Question # 12
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 13
Index number are called:
Question # 14
Commodities subject to considerable price variation should best be measured by
Question # 15
The volume or quantity of goods are compared by
Question # 16
Laspeyres index number is also called as:
Question # 17
In the price relative, the given year price is divided by the _________.
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 of the following methods uses quantities consumed in the base period when computing a weighted index. |
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
|
| 2 | 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
|
| 3 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 4 | 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
|
| 5 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 6 | 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
|
| 7 | 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
|
| 8 | Value of commodity can be calculate by the formula |
A. Po x Pn
B. Price x volume
C.
D. Price x quantity
|
| 9 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 10 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.