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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
How many basic types of index numbers.
Question # 2
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 3
The consumer price index number is also called.
Question # 4
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 5
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 6
Value of commodity can be calculate by the formula
Question # 7
Paasche's index number is:
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
To measrue how much the cost of some variable changes over time you would use.
Question # 10
Index number of the year text to the base year can be shown as
Question # 11
Price relatives is a ratio of current year price and.
Question # 12
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 13
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 # 14
The weights used in a price index are.
Question # 15
An index having a wide scope is called:
Question # 16
An index that measures the change for a fixed time period is called.
Question # 17
Base yar weighted index number are.
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 base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 2 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 3 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 4 | 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
|
| 5 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
| 6 | Which of the following methods uses quantities consumed in the base period when computing a weighted index. |
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
|
| 7 | When the base year values are used as weights, the weighted average of relatives price index is the same as. |
A. the paache's index
B. The laspeyres index
C. The unweighted average of relatives price index
D. None of these
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| 8 | The volume or quantity of goods are compared by |
A. Price index numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
|
| 9 | 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
|
| 10 | 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
|
Test Questions