First Year ICS Statistics Chapter 5 Online MCQ Test (Index Numbers)

The index number given by formula Σp_nq_n/Σp_nq_n x100 is:

• Laspeyres index A
• The paasche's index B
• The value index C
• None of these D

The index numbers are generally classified into ------------- types

• two A
• Four B
• five C
• Three D

Commodities subject to considerable price variation should best be measured by

• Quantity index A
• Price index B
• Value index C
• None of these D

Index number are called:

• Mathematical barometer A
• Economic barometer B
• Statistical barometer C
• Both A and C D

How many basic types of index numbers.

• 2 A
• 3 B
• 4 C
• 5 D

Which index numbers are used to measure the buying power of the money

• Wholesale Price index number A
• Money index number B
• Simple index number C
• Price index number D

In the price relative, the given year price is divided by the _________.

• Base year price A
• Current year price B
• Previous year price C
• None of these D

Base yar weighted index number are.

• Laspeyre's A
• Paasche's B
• Fisher's C
• C.P.I D

The index number are generally classified into ___________ types.

• Two  A
• Four B
• Five C
• Three D

Which index number has a wide soope

• Special A
• General B
• Price C
• Quantity D

Link relataives can be obtained dividing Pn by

• Po A
• P n-1 B
• qo C
• qn-1 D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

Index number of the year text to the base year can be shown as

• Q_n A
• Q_on B
• Q₀₁ C
• Q_oi D

To measrue how much the cost of some variable changes over time you would use.

• A volue inxex A
• An inflation index B
• A quantity index C
• None of these D

Consumer price indexis obtained by.

• Paache's formula A
• Marshall Edgeworth formula B
• Fisher's ideal formula C
• Family Budget Method formula D

Commodities subject to considerable price variation should be best measured by

• Quantity index A
• Price index B
• Value index C
• None of these D

Index for base period is always take as.

• zero A
• one B
• 200 C
• 100 D