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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
Price relatives is a ratio of current year price and.
Question # 2
The base period in fixed bases should be________
Question # 3
The volume or quantity of goods are compared by_______
Question # 4
In a fixed base method which period is taken always 100
Question # 5
Composite inde numebr involves commodities.
Question # 6
In the price relative, the given year price is divided by the _________.
Question # 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.
Question # 8
Index number of the year text to the base year can be shown as
Question # 9
Price of commodity in current year can be represented as
Question # 10
The base period in fixed base should be
Question # 11
Theoretically best average used in the construction of composite index in
Question # 12
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 13
Importance of commodity is its
Question # 14
How many basic types of index numbers.
Question # 15
Laspeyres index number is also called as:
Question # 16
The weights used in a quantity index are
Question # 17
The volume or quantity of goods are compared 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 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
| 2 | 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
|
| 3 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 4 | The index number given by formula Σpnqn/Σpnqn x100 is: |
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
|
| 5 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 6 | 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
|
| 7 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 8 | 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
|
| 9 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 10 | 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
|
Test Questions