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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 method of construction of consumer price index number is the laspeye's index number.
Question # 2
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 3
The index numbers are generally classified into ------------- types
Question # 4
Geometric mean is a suitable average in ______ method.
Question # 5
Index for base period is always take as.
Question # 6
Laspeyres index number is also called as:
Question # 7
the base period can be described as a normal period if
Question # 8
For computing chain index , we compute
Question # 9
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 10
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 11
The price used in the construction of consumer price index numbers are.
Question # 12
Link relataives can be obtained dividing Pn by
Question # 13
Both quantities and prices are used in
Question # 14
Base yar weighted index number are.
Question # 15
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 16
Which of the following indices has an upward bias.
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 indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 2 | Theoretically best average used in the construction of composite index in |
A. The arithmetic mean
B. The geometric mean
C. The median
D. The harmonic mean
|
| 3 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 4 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 5 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 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 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 8 | 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
|
| 9 | 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
|
| 10 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
Test Questions