5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

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

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

ICS Part 1 Statistics Chapter 5 Test

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ICS Part 1 Statistics Chapter Wise Test

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

Sr. # Questions Answers Choice
1 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
2 Which of the followingindices satisfies both the time reversal and factor reversal tests.
  • A. Fisher's method
  • B. Paasche's method
  • C. Laspeyres method
  • D. None of these
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 If all the values considered in calculating an inxed are of equal importance, teh index is.
  • A. Weighted
  • B. Simple
  • C. Un weighted
  • D. None of these
5 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
6 Geometric mean of the relative is.
  • A. Reversible
  • B. None - Reversible
  • C. Both A and B
  • D. None of these
7 Both quantities and prices are used in
  • A. Link relatives
  • B. Chain relatives
  • C. Average of relatives
  • D. Aggregative index numbers
8 Index number of the year text to the base year can be shown as
  • A. Q<sub>n</sub>
  • B. Q<sub>on</sub>
  • C. Q<sub>01</sub>
  • D. Q<sub>oi</sub>
9 Circular test is satisfied by
  • A. Laspeyres index
  • B. Paasche's index
  • C. Fisher's method
  • D. None of these
10 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

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    Merry

    28 Mar 2016

    This is very inf0rmative site.

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