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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
Paasche's index is also called
Question # 2
To measrue how much the cost of some variable changes over time you would use.
Question # 3
Index number are called:
Question # 4
CPI falls in the category of.
Question # 5
The base period in fixed bases should be________
Question # 6
Which index numbers are used to measure the buying power of the money
Question # 7
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
The volume or quantity of goods are compared by_______
Question # 10
In a fixed base method which period is taken always 100
Question # 11
The price used in the construction of consumer price index numbers are.
Question # 12
Both quantities and prices are used in
Question # 13
The index numbers are generally classified into ------------- types
Question # 14
The weights used in a quantity index are
Question # 15
For computing chain index , we compute
Question # 16
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 # 17
Commodities subject to considerable price variation should best be measured by
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 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
|
| 2 | 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
|
| 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. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 4 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 5 | 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
|
| 6 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 7 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
| 8 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 9 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
|
| 10 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
Test Questions