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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
Index for base period is always take as.
Question # 2
In chain base method the base period is.
Question # 3
Laspeyres index number is also called as:
Question # 4
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 5
Commodities subject to considerable price variation should best be measured by
Question # 6
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 7
In the price relative, the given year price is divided by the _________.
Question # 8
Index number of the year text to the base year can be shown as
Question # 9
In fixed base method, the base period should be.
Question # 10
Which method of construction of consumer price index number is the laspeye's index number.
Question # 11
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 # 12
The price used in the construction of consumer price index numbers are.
Question # 13
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 14
Both quantities and prices are used in
Question # 15
Consumer price indexis obtained by.
Question # 16
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 17
the base period can be described as a normal period if
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 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 3 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
|
| 4 | 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
|
| 5 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 6 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
|
| 7 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 8 | 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
|
| 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 change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
Test Questions