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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
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 2
An index that measures the change for a fixed time period is called.
Question # 3
Commodities subject to considerable price variation should be best measured by
Question # 4
The index numbers are generally classified into ------------- types
Question # 5
Value of commodity can be calculate by the formula
Question # 6
If all values considered in calculating an index are of equal importance, the index is
Question # 7
Which is the most useful average in chain base method
Question # 8
Importance of commodity is its
Question # 9
The weights used in a quantity index are
Question # 10
Geometric mean is a suitable average in ______ method.
Question # 11
Theoretically best average used in the construction of composite index in
Question # 12
Both quantities and prices are used in
Question # 13
Paasche's index number is:
Question # 14
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 15
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 16
Which index number has a wide soope
Question # 17
Price of commodity in current year can be represented as
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 | Which index numbers are used to measure the buying power of the money |
A. Wholesale Price index number
B. Money index number
C. Simple index number
D. Price index number
|
| 2 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 3 | 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
|
| 4 | 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
|
| 5 | Circular test is satisfied by |
A. Laspeyres index
B. Paasche's index
C. Fisher's method
D. None of these
|
| 6 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 7 | 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
|
| 8 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 9 | Which of the following methods uses quantities consumed in the base period when computing a weighted index. |
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
|
| 10 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.