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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 a fixed base method which period is taken always 100
Question # 2
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 3
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 4
Index number are called:
Question # 5
Commodities subject to considerable price variation should best be measured by
Question # 6
The base period in fixed bases should be________
Question # 7
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 8
How many basic types of index numbers.
Question # 9
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 10
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 11
In chain base method the base period is.
Question # 12
If all values considered in calculating an index are of equal importance, the index is
Question # 13
Importance of commodity is its
Question # 14
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 15
Theoretically best average used in the construction of composite index in
Question # 16
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 17
The volume or quantity of goods are compared 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 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 2 | 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
|
| 3 | The consumer price index number is also called. |
A. The cost of living index number
B. The retail price index number
C. The wholsale price index number
D. Both a and b
|
| 4 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
|
| 5 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 6 | 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
|
| 7 | 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
|
| 8 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 9 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 10 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
Test Questions