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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
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 2
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 3
CPI falls in the category of.
Question # 4
Which method of construction of consumer price index number is the laspeye's index number.
Question # 5
If all values considered in calculating an index are of equal importance, the index is
Question # 6
If we went to compare the prices of wheat then we have to compute.
Question # 7
In a fixed base method which period is taken always 100
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
Which is the most useful average in chain base method
Question # 10
The change is whole sale or retail are studied ___________
Question # 11
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 12
Which is the most suitabel average in chain base method.
Question # 13
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 14
In the price relative, the given year price is divided by the _________.
Question # 15
The most suitable average for computing of index number is:
Question # 16
Both quantities and prices are used in:
Question # 17
When all the commodities are not of equal importance, the index numbers are called.
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 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 2 | 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. |
A. 90.0
B. 13.75
C. 880
D. 110
|
| 3 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 4 | 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
|
| 5 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 6 | The changes in whole sale or retail price are studies in |
A. Price index numbers
B. Volume index numbers
C. Aggregate index numbers
D. Chain index numbers
|
| 7 | 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
|
| 8 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 9 | Which of the following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres' method
B. Paache's method
C. Fisher's method
D. Marshall -Edge worth's method
|
| 10 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
Test Questions