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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 of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 2
The changes in whole sale or retail price are studies in
Question # 3
the base period can be described as a normal period if
Question # 4
Theoretically best average used in the construction of composite index in
Question # 5
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 6
The most suitable average for computing of index number is:
Question # 7
Price of commodity in current year can be represented as
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
Paasche's index is also called
Question # 10
The weights used in a quantity index are
Question # 11
The base period in fixed bases should be________
Question # 12
Importance of commodity is its
Question # 13
The index numbers are generally classified into ------------- types
Question # 14
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 15
Both quantities and prices are used in
Question # 16
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 17
Commodities subject to considerable price variation should best be measured by
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 method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
| 2 | If all values considered in calculating an index are of equal importance, the index is |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 3 | 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
|
| 4 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 5 | Value of commodity can be calculate by the formula |
A. Po x Pn
B. Price x volume
C.
D. Price x quantity
|
| 6 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 7 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 8 | 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
|
| 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. |
A. 90.0
B. 13.75
C. 880
D. 110
|
| 10 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.