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5th Chapter

## First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (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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### First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

Sr. # Questions Answers Choice
1 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
2 Geometric mean of the relative is.
• A. Reversible
• B. None - Reversible
• C. Both A and B
• D. None of these
3 Which index number has a wide soope
• A. Special
• B. General
• C. Price
• D. Quantity
4 Index number are called:
• A. Mathematical barometer
• B. Economic barometer
• C. Statistical barometer
• D. Both A and C
5 For computing chain index , we compute
• A. Price relative
• B. Link relative
• C. Weighted indices
• D. None of these
6 Both quantities and prices are used in
• A. Link relatives
• B. Chain relatives
• C. Average of relatives
• D. Aggregative index numbers
7 Commodities subject to considerable price variation should best be measured by
• A. Quantity index
• B. Price index
• C. Value index
• D. None of thes
8 Both quantities and prices are used in:
• A. Link relatives
• B. Chain relatives
• C. Average of relatives&nbsp;
• D. Aggregative index number
9 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.
• A. The values are multiplied together.
• B. The largest values is found
• C. The valeus are averaged
• D. None of them
10 While dealing with price we use ----------------- as weights
• A. Quantity
• B. Quality
• C. Volume
• D. Both (b) and (c)

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#### Merry

28 Mar 2016

This is very inf0rmative site.

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