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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
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 2
Geometric mean is a suitable average in ______ method.
Question # 3
Index number of the year text to the base year can be shown as
Question # 4
The change is whole sale or retail are studied ___________
Question # 5
An index having a wide scope is called:
Question # 6
The most suitable average for computing of index number is:
Question # 7
Geometric mean of the relative is.
Question # 8
Composite inde numebr involves commodities.
Question # 9
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.
Question # 10
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 11
Link relataives can be obtained dividing Pn by
Question # 12
Paasche's index number is:
Question # 13
Commodities subject to considerable price variation should be best measured by
Question # 14
Price relatives is a ratio of current year price and.
Question # 15
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 16
To measrue how much the cost of some variable changes over time you would use.
Question # 17
The weights used in a quantity index are
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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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
| 2 | 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
|
| 3 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 4 | The volume or quantity of goods are compared by |
A. Price index numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
|
| 5 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 6 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 7 | If all the value of have equal importance,then we have to assigned certain values is such index number are called. |
A. Weighted index number
B. Un-weighted index
C. Both A and B
D. Average
|
| 8 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 9 | 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
|
| 10 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
Test Questions