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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
The consumer price index number is also called.
Question # 2
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 3
Laspeyres index number is also called as:
Question # 4
The change is whole sale or retail are studied ___________
Question # 5
In chain base method the base period is.
Question # 6
If we went to compare the prices of wheat then we have to compute.
Question # 7
The base period in fixed base should be
Question # 8
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 9
While dealing with price we use ----------------- as weights
Question # 10
Both quantities and prices are used in
Question # 11
Value of commodity can be calculate by the formula
Question # 12
Index number of the year text to the base year can be shown as
Question # 13
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 # 14
The most suitable average for computing of index number is:
Question # 15
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 16
Which is the most suitabel average in chain base method.
Question # 17
Paasche's index is also called
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 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
|
| 2 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 3 | 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
|
| 4 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 5 | Circular test is satisfied by |
A. Laspeyres index
B. Paasche's index
C. Fisher's method
D. None of these
|
| 6 | Which of the following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres' method
B. Paache's method
C. Fisher's method
D. Marshall -Edge worth's method
|
| 7 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 8 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 9 | 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
|
| 10 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
Test Questions