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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
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 2
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 3
Price relatives is a ratio of current year price and.
Question # 4
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.
Question # 5
Index number are called:
Question # 6
Commodities subject to considerable price variation should best be measured by
Question # 7
Value of commodity can be calculate by the formula
Question # 8
The change is whole sale or retail are studied ___________
Question # 9
Which is the most suitabel average in chain base method.
Question # 10
The base period in fixed bases should be________
Question # 11
Consumer price indexis obtained by.
Question # 12
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 13
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 14
The consumer price index number is also called.
Question # 15
Index for base period is always take as.
Question # 16
Importance of commodity is its
Question # 17
In a fixed base method which period is taken always 100
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 base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 2 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 3 | 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
|
| 4 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 5 | 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
|
| 6 | Which ofthe following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres method
B. Marshall -Edge worth's methods
C. Peasche's method
D. Fisher's method
|
| 7 | To measrue how much the cost of some variable changes over time you would use. |
A. A volue inxex
B. An inflation index
C. A quantity index
D. None of these
|
| 8 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 9 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 10 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.