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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 following indices satisfies both the time reversal and factor reveral tests.
Question # 2
The change is whole sale or retail are studied ___________
Question # 3
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.
Question # 4
In a fixed base method which period is taken always 100
Question # 5
While dealing with price we use ----------------- as weights
Question # 6
In the price relative, the given year price is divided by the _________.
Question # 7
Paasche's index number is:
Question # 8
The index numbers are generally classified into ------------- types
Question # 9
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 10
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 11
Paasche's index is also called
Question # 12
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 13
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 14
Which is the most suitabel average in chain base method.
Question # 15
Geometric mean of the relative is.
Question # 16
The price used in the construction of consumer price index numbers are.
Question # 17
The base period in fixed bases should be________
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 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 2 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 3 | Which ofthe following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres method
B. Marshall -Edge worth's methods
C. Peasche's method
D. Fisher's method
|
| 4 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 5 | 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
|
| 6 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 7 | The changes in whole sale or retail price are studies in |
A. Price index numbers
B. Volume index numbers
C. Aggregate index numbers
D. Chain index numbers
|
| 8 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 9 | If all the value of have equal importance,then we have to assigned certain values is such index number are called. |
A. Weighted index number
B. Un-weighted index
C. Both A and B
D. Average
|
| 10 | An index having a wide scope is called: |
A. Price index number
B. General purpose index number
C. Special purpose index number
D. None of these
|
Test Questions