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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
Index number of the year text to the base year can be shown as
Question # 2
Index for base period is always take as.
Question # 3
The most suitable average for computing of index number is:
Question # 4
Base yar weighted index number are.
Question # 5
Geometric mean is a suitable average in ______ method.
Question # 6
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 7
Commodities subject to considerable price variation should best be measured by
Question # 8
The change is whole sale or retail are studied ___________
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 of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 11
Price relatives is a ratio of current year price and.
Question # 12
In the price relative, the given year price is divided by the _________.
Question # 13
In chain base method the base period is.
Question # 14
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 15
The index number are generally classified into ___________ types.
Question # 16
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 17
When the base year values are used as weights, the weighted average of relatives price index is the same as.
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 price indices are prepared by Federal Bureau of Statistics. |
A. Wholesale price index
B. Consumer price index
C. Sensitive price indicator
D. All of these
|
| 2 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 3 | 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
|
| 4 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 5 | If all values considered in calculating an index are of equal importance, the index is |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 6 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 7 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of thes
|
| 8 | The change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
| 9 | Which index numbers are used to measure the buying power of the money |
A. Wholesale Price index number
B. Money index number
C. Simple index number
D. Price index number
|
| 10 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
|
Test Questions