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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 weights used in a quantity index are
Question # 2
Laspeyres index number is also called as:
Question # 3
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
Which is the most suitabel average in chain base method.
Question # 6
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 # 7
While dealing with price we use ----------------- as weights
Question # 8
Commodities subject to considerable price variation should best be measured by
Question # 9
The price used in the construction of consumer price index numbers are.
Question # 10
Which is the most useful average in chain base method
Question # 11
In the price relative, the given year price is divided by the _________.
Question # 12
Which index number has a wide soope
Question # 13
Price of commodity in current year can be represented as
Question # 14
Commodities subject to considerable price variation should best be measured by
Question # 15
If we went to compare the prices of wheat then we have to compute.
Question # 16
An index that measures the change for a fixed time period is called.
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 | 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
|
| 2 | To measrue how much the cost of some variable changes over time you would use. |
A. A volue inxex
B. An inflation index
C. A quantity index
D. None of these
|
| 3 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 4 | If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is. |
A. 100
B. 200
C. Zero
D. 1000
|
| 5 | 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
|
| 6 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 7 | If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to: |
A. 100
B. 104.1
C. 106.2
D. 110.2
|
| 8 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 9 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 10 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.