First Year ICS Statistics Chapter 5 Online MCQ Test (Index Numbers)

If all the values considered in calculating an inxed are of equal importance, teh index is.

• Weighted A
• Simple B
• Un weighted C
• None of these D

The price used in the construction of consumer price index numbers are.

• The retail prices A
• The fixed price B
• Thw wholsale prices C
• None of these D

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.

• The values are multiplied together. A
• The largest values is found B
• The valeus are averaged C
• None of them D

To measrue how much the cost of some variable changes over time you would use.

• A volue inxex A
• An inflation index B
• A quantity index C
• None of these D

In chain base method the base period is.

• Fixed A
• Changed B
• Constant C
• None of these D

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.

• 90.0 A
• 13.75 B
• 880 C
• 110 D

When all the commodities are not of equal importance, the index numbers are called.

• Simple A
• Weighted B
• Value C
• Un weighted D

The base period in fixed base should be

• Current year A
• Normal year B
• Highest year C
• Lowest year D

The consumer price index number is also called.

• The cost of living index number A
• The retail price index number B
• The wholsale price index number C
• Both a and b D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

The volume or quantity of goods are compared by_______

• Price index number  A
• Volume index number B
• Quantity C
• None of these D

Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.

• Laspeyres method A
• Marshall -Edge worth's methods B
• Peasche's method C
• Fisher's method D

Index for base period is always take as.

• zero A
• one B
• 200 C
• 100 D

The index numbers are generally classified into ------------- types

• two A
• Four B
• five C
• Three D

In a fixed base method which period is taken always 100

• Preceding A
• Following B
• Base C
• Current D

Which of the followingindices satisfies both the time reversal and factor reversal tests.

• Fisher's method A
• Paasche's method B
• Laspeyres method C
• None of these D

Which is the most suitabel average in chain base method.

• Arithemetic mean A
• Median B
• Geometric mean C
• Weighted arithmetic mean D