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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
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 2
The index number are generally classified into ___________ types.
Question # 3
The price used in the construction of consumer price index numbers are.
Question # 4
In chain base method the base period is.
Question # 5
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 6
Which method of construction of consumer price index number is the laspeye's index number.
Question # 7
Which is the most useful average in chain base method
Question # 8
Geometric mean of the relative is.
Question # 9
The changes in whole sale or retail price are studies in
Question # 10
How many basic types of index numbers.
Question # 11
Index number of the year text to the base year can be shown as
Question # 12
To measrue how much the cost of some variable changes over time you would use.
Question # 13
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 14
Value of commodity can be calculate by the formula
Question # 15
Composite inde numebr involves commodities.
Question # 16
Which index numbers are used to measure the buying power of the money
Question # 17
The most suitable average for computing of index number is:
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 methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres' method
B. Paache's method
C. Fisher's method
D. Marshall -Edge worth's method
|
| 2 | Laspeyres index number is also called as: |
A. Base year weight index number
B. Current year weight index number
C. Ideal index number
D. Fisher index number
|
| 3 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
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| 4 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 5 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 6 | 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
|
| 7 | The change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
| 8 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
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| 9 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 10 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.