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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 is the most suitabel average in chain base method.
Question # 2
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 3
Paasche's index number is:
Question # 4
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 5
In chain base method the base period is.
Question # 6
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 7
Link relataives can be obtained dividing Pn by
Question # 8
In the price relative, the given year price is divided by the _________.
Question # 9
If we went to compare the prices of wheat then we have to compute.
Question # 10
Index for base period is always take as.
Question # 11
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 12
Which of the following indices has an upward bias.
Question # 13
Commodities subject to considerable price variation should best be measured by
Question # 14
The index number are generally classified into ___________ types.
Question # 15
Both quantities and prices are used in:
Question # 16
An index that measures the change for a fixed time period is called.
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 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 2 | 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
|
| 3 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 4 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 5 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
|
| 6 | 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
|
| 7 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 8 | The consumer price index number is also called. |
A. The cost of living index number
B. The retail price index number
C. The wholsale price index number
D. Both a and b
|
| 9 | If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to: |
A. 100
B. 104.1
C. 106.2
D. 110.2
|
| 10 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.