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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
Which is the most useful average in chain base method
Question # 2
Consumer price indexis obtained by.
Question # 3
Paasche's index number is:
Question # 4
The base period in fixed bases should be________
Question # 5
Which index numbers are used to measure the buying power of the money
Question # 6
The volume or quantity of goods are compared by
Question # 7
An index having a wide scope is called:
Question # 8
If an unweighed average of revalives index pn/po x 100 is calculated for each product in the compostive, what is then done with these values to finish the calculation.
Question # 9
For computing chain index , we compute
Question # 10
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 11
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 12
Commodities subject to considerable price variation should be best measured by
Question # 13
The weights used in a quantity index are
Question # 14
When all the commodities are not of equal importance, the index numbers are called.
Question # 15
How many basic types of index numbers.
Question # 16
Importance of commodity is its
Question # 17
CPI falls in the category of.
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 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 2 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 3 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 4 | 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
|
| 5 | The price used in the construction of consumer price index numbers are. |
A. The retail prices
B. The fixed price
C. Thw wholsale prices
D. None of these
|
| 6 | Which of the following indices satisfies both the time reversal and factor reveral tests. |
A. Laspeyres' index
B. Fisher's index
C. Paasche's index
D. Marshall -edge worth
|
| 7 | If an unweighed average of revalives index pn/po x 100 is calculated for each product in the compostive, what is then done with these values to finish the calculation. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 8 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 9 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.