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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
Theoretically best average used in the construction of composite index in
Question # 2
For computing chain index , we compute
Question # 3
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 4
Which method of construction of consumer price index number is the laspeye's index number.
Question # 5
Paasche's index number is:
Question # 6
In fixed base method, the base period should be.
Question # 7
Commodities subject to considerable price variation should best be measured by
Question # 8
Which of the following indices has an upward bias.
Question # 9
In chain base method the base period is.
Question # 10
Geometric mean is a suitable average in ______ method.
Question # 11
Circular test is satisfied by
Question # 12
The price used in the construction of consumer price index numbers are.
Question # 13
The index numbers are generally classified into ------------- types
Question # 14
Base yar weighted index number are.
Question # 15
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 16
The index number are generally classified into ___________ types.
Question # 17
the base period can be described as a normal period if
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 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 2 | Which of the following price indices are prepared by Federal Bureau of Statistics. |
A. Wholesale price index
B. Consumer price index
C. Sensitive price indicator
D. All of these
|
| 3 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 4 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 5 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 6 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 7 | 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
|
| 8 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 9 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 10 | 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
|
Test Questions