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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
Paasche's index number is:
Question # 2
In a fixed base method which period is taken always 100
Question # 3
Commodities subject to considerable price variation should best be measured by
Question # 4
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 5
To measrue how much the cost of some variable changes over time you would use.
Question # 6
Which method of construction of consumer price index number is the laspeye's index number.
Question # 7
Both quantities and prices are used in:
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
The index numbers are generally classified into ------------- types
Question # 10
The weights used in a price index are.
Question # 11
Circular test is satisfied by
Question # 12
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 13
The volume or quantity of goods are compared by_______
Question # 14
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 15
Which of the following indices has an upward bias.
Question # 16
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 17
In the price relative, the given year price is divided by the _________.
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 | 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
|
| 2 | the base period can be described as a normal period if |
A. it is neither the peak nor the trough of a fluctuation
B. It is the most recent period for which we have data
C. It is the average of several consecutive pariods
D. None of these
|
| 3 | An index having a wide scope is called: |
A. Price index number
B. General purpose index number
C. Special purpose index number
D. None of these
|
| 4 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 5 | 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
|
| 6 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 7 | If all the values considered in calculating an inxed are of equal importance, teh index is. |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 8 | 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
|
| 9 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 10 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
Test Questions