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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
The consumer price index number is also called.
Question # 2
Commodities subject to considerable price variation should be best measured by
Question # 3
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 4
The index number are generally classified into ___________ types.
Question # 5
The base period in fixed bases should be________
Question # 6
Composite inde numebr involves commodities.
Question # 7
Which method of construction of consumer price index number is the laspeye's index number.
Question # 8
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 9
Base yar weighted index number are.
Question # 10
An index having a wide scope is called:
Question # 11
In fixed base method, the base period should be.
Question # 12
An index that measures the change for a fixed time period is called.
Question # 13
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 14
The volume or quantity of goods are compared by
Question # 15
the base period can be described as a normal period if
Question # 16
For computing chain index , we compute
Question # 17
Both quantities and prices are used in:
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 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 2 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 3 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
|
| 4 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 5 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 6 | 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
|
| 7 | 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
|
| 8 | 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
|
| 9 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 10 | the base period can be described as a normal period if |
A. it is neither the peak nor the trough of a fluctuation
B. It is the most recent period for which we have data
C. It is the average of several consecutive pariods
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.