5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

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

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

ICS Part 1 Statistics Chapter 5 Test

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ICS Part 1 Statistics Chapter Wise Test

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

Sr. # Questions Answers Choice
1 If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
  • A. 100
  • B. 200
  • C. Zero
  • D. 1000
2 Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
  • A. Laspeyres method
  • B. Marshall -Edge worth's methods
  • C. Peasche's method
  • D. Fisher's method
3 In a fixed base method which period is taken always 100
  • A. Preceding
  • B. Following
  • C. Base
  • D. Current
4 In fixed base method, the base period should be.
  • A. Far away
  • B. Normal
  • C. Un reliable
  • D. Abnormal
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 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 Both quantities and prices are used in:
  • A. Link relatives
  • B. Chain relatives
  • C. Average of relatives 
  • D. Aggregative index number
8 In chain base method the base period is.
  • A. Fixed
  • B. Changed
  • C. Constant
  • D. None of these
9 Paasche's index number is:
  • A. Simple index number
  • B. Weighted index number
  • C. Un-weighted index number
  • D. Composite index number
10 Which of the followingindices satisfies both the time reversal and factor reversal tests.
  • A. Fisher's method
  • B. Paasche's method
  • C. Laspeyres method
  • D. None of these

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    Merry

    28 Mar 2016

    This is very inf0rmative site.

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