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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 price used in the construction of consumer price index numbers are.
Question # 2
Price of commodity in current year can be represented as
Question # 3
If we went to compare the prices of wheat then we have to compute.
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
Geometric mean is a suitable average in ______ method.
Question # 6
The change is whole sale or retail are studied ___________
Question # 7
Importance of commodity is its
Question # 8
The base period in fixed base should be
Question # 9
The volume or quantity of goods are compared by_______
Question # 10
How many basic types of index numbers.
Question # 11
An index that measures the change for a fixed time period is called.
Question # 12
Which is the most suitabel average in chain base method.
Question # 13
The most suitable average for computing of index number is:
Question # 14
Which is the most useful average in chain base method
Question # 15
Commodities subject to considerable price variation should best be measured by
Question # 16
If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993.
Question # 17
Link relataives can be obtained dividing Pn 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 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of thes
|
| 2 | 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
|
| 3 | 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
|
| 4 | The volume or quantity of goods are compared by |
A. Price index numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
|
| 5 | 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
|
| 6 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 7 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 8 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 9 | 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
|
| 10 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
Test Questions