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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
Commodities subject to considerable price variation should best be measured by
Question # 2
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 3
Circular test is satisfied by
Question # 4
Paasche's index number is:
Question # 5
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 6
If we went to compare the prices of wheat then we have to compute.
Question # 7
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 8
Which index number has a wide soope
Question # 9
Link relataives can be obtained dividing Pn by
Question # 10
Value of commodity can be calculate by the formula
Question # 11
Which index numbers are used to measure the buying power of the money
Question # 12
Index number are called:
Question # 13
Commodities subject to considerable price variation should be best measured by
Question # 14
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 15
If all values considered in calculating an index are of equal importance, the index is
Question # 16
Both quantities and prices are used in
Question # 17
In a fixed base method which period is taken always 100
ICS Part 1 Statistics Chapter 5 MCQs Test
Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s 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 be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 2 | 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
|
| 3 | 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
|
| 4 | 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
|
| 5 | 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
|
| 6 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 7 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 8 | Price relatives is a ratio of current year price and. |
A. Base year quantity
B. Previous year quantity
C. Base year price
D. Current year quantity
|
| 9 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 10 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
Test Questions
Share your comments & questions here
Merry
28 Mar 2016This is very inf0rmative site.