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

Composite inde numebr involves commodities.

• One A
• Two B
• Three C
• More than one 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

How many basic types of index numbers.

• 2 A
• 3 B
• 4 C
• 5 D

The volume or quantity of goods are compared by

• Price index numbers A
• Relative index numbers B
• Volume index numbers C
• Paasche's index D

Both quantities and prices are used in

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

• The Laspeyres index A
• The Paasches index B
• The value index 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

Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.

• Laspeyres method A
• Marshall -Edge worth's methods B
• Peasche's method C
• Fisher's method D

Price relatives is a ratio of current year price and.

• Base year quantity A
• Previous year quantity B
• Base year price C
• Current year quantity D

Price of commodity in current year can be represented as

• P_oi A
• P_on B
• P_n C
• P_i D

Link relataives can be obtained dividing Pn by

• Po A
• P n-1 B
• qo C
• qn-1 D

An index having a wide scope is called:

• Price index number A
• General purpose index number  B
• Special purpose index number C
• None of these D

The base period  in fixed bases should be________

• A normal year A
• Abnormal year B
• Special C
• General D

Importance of commodity is its

• Quantity A
• Quality B
• Weight C
• Price D

When all the commodities are not of equal importance, the index numbers are called.

• Simple A
• Weighted B
• Value C
• Un weighted D

Which of the followingindices satisfies both the time reversal and factor reversal tests.

• Fisher's method A
• Paasche's method B
• Laspeyres method C
• None of these D

For computing chain index , we compute

• Price relative A
• Link relative B
• Weighted indices C
• None of these D