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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 be best measured by
Question # 2
Commodities subject to considerable price variation should best be measured by
Question # 3
Value of commodity can be calculate by the formula
Question # 4
The weights used in a quantity index are
Question # 5
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 6
An index that measures the change for a fixed time period is called.
Question # 7
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 8
Theoretically best average used in the construction of composite index in
Question # 9
Geometric mean of the relative is.
Question # 10
Both quantities and prices are used in
Question # 11
The index numbers are generally classified into ------------- types
Question # 12
The base period in fixed base should be
Question # 13
The weights used in a price index are.
Question # 14
Importance of commodity is its
Question # 15
The index number are generally classified into ___________ types.
Question # 16
Geometric mean is a suitable average in ______ method.
Question # 17
When all the commodities are not of equal importance, the index numbers are called.
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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A Areeha Waheed 13 - Jul - 2024 00 Min 49 Sec 17/17 -
U Ubaid Raza 10 - Sep - 2024 01 Min 33 Sec 17/17 -
M Maryam Ijaz 20 - Oct - 2024 00 Min 01 Sec 16/17 -
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E Esha Hanif 24 - Jun - 2024 04 Min 38 Sec 12/17
ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 2 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 3 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 4 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 5 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 6 | The change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
| 7 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 8 | The index number given by formula Σpnqn/Σpnqn x100 is: |
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
|
| 9 | 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
|
| 10 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
Test Questions