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

Which is the most useful average in chain base method

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

Index for base period is always take as.

• zero A
• one B
• 200 C
• 100 D

The index number are generally classified into ___________ types.

• Two  A
• Four B
• Five C
• Three D

While dealing with price we use ----------------- as weights

• Quantity A
• Quality B
• Volume C
• Both (b) and (c) D

An index having a wide scope is called:

• Price index number A
• General purpose index number  B
• Special purpose index number C
• None of these D

Which index number has a wide soope

• Special A
• General B
• Price C
• Quantity 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 most suitable average for computing of index number is:

• A.M A
• G.M B
• Median C
• H.M D

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

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

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

The base period  in fixed bases should be________

• A normal year A
• Abnormal year B
• Special C
• General D

Which method of construction of consumer price index number is the laspeye's index number.

• Aggregate expenditure method A
• Family budget method B
• Both a and b C
• None of these D

Index number are called:

• Mathematical barometer A
• Economic barometer B
• Statistical barometer C
• Both A and C D

Geometric mean is a suitable average in ______ method.

• Price index A
• Chanin bases B
• Quantity index C
• Index mean D

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

• two A
• Four B
• five C
• Three 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

Base yar weighted index number are.

• Laspeyre's A
• Paasche's B
• Fisher's C
• C.P.I D