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

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

If we went to compare the prices of wheat then we have to compute.

• Price index number A
• Quantity index number B
• Volume index number C
• Both B and C D

The volume or quantity of goods are compared by_______

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

Price of commodity in current year can be represented as

• P_oi A
• P_on B
• P_n C
• P_i D

When the base year values are used as weights, the weighted average of relatives price index is the same as.

• the paache's index A
• The laspeyres index B
• The unweighted average of relatives price index C
• None of these D

How many basic types of index numbers.

• 2 A
• 3 B
• 4 C
• 5 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

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

Both quantities and prices are used in:

• Link relatives A
• Chain relatives B
• Average of relatives  C
• Aggregative index number 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

Which is the most useful average in chain base method

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

The changes in whole sale or retail price are studies in

• Price index numbers A
• Volume index numbers B
• Aggregate index numbers C
• Chain index numbers D

Which is the most suitabel average in chain base method.

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

The index number given by formula Σp_nq_n/Σp_nq_n x100 is:

• Laspeyres index A
• The paasche's index B
• The value index C
• None of these D

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

• two A
• Four B
• five C
• Three D

the base period can be described as a normal period if

• it is neither the peak nor the trough of a fluctuation A
• It is the most recent period for which we have data B
• It is the average of several consecutive pariods 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