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

Both quantities and prices are used in:

• Link relatives A
• Chain relatives B
• Average of relatives  C
• Aggregative index number D

Geometric mean of the relative is.

• Reversible A
• None - Reversible B
• Both A and B C
• None of these D

the base period can be described as a normal period if

• it is neither the peak nor the trough of a fluctuation A
• It is the most recent period for which we have data B
• It is the average of several consecutive pariods C
• None of these D

The change is whole sale or retail are studied  ___________

• Price index number A
• Quantity index number B
• Volume index number C
• None of these D

Geometric mean is a suitable average in ______ method.

• Price index A
• Chanin bases B
• Quantity index C
• Index mean D

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

Which is the most suitabel average in chain base method.

• Arithemetic mean A
• Median B
• Geometric mean C
• Weighted arithmetic mean D

The index number are generally classified into ___________ types.

• Two  A
• Four B
• Five C
• Three D

Which is the most useful average in chain base method

• Arithmetic mean A
• Median B
• Geometric mean C
• Weighted arithmetic mean D

Commodities subject to considerable price variation should best be measured by

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

If all the value of have equal importance,then we have to assigned certain values is such index number are called.

• Weighted index number A
• Un-weighted index B
• Both A and B C
• Average D

Which of the following indices satisfies both the time reversal and factor reveral tests.

• Laspeyres' index A
• Fisher's index B
• Paasche's index C
• Marshall -edge worth D

If all the values considered in calculating an inxed are of equal importance, teh index is.

• Weighted A
• Simple B
• Un weighted C
• None of these D

Laspeyres index number is also called as:

• Base year weight index number A
• Current year weight index number B
• Ideal index number C
• Fisher index number 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

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