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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
The change is whole sale or retail are studied ___________
Question # 2
Which of the following indices has an upward bias.
Question # 3
Both quantities and prices are used in:
Question # 4
the base period can be described as a normal period if
Question # 5
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 6
If we went to compare the prices of wheat then we have to compute.
Question # 7
CPI falls in the category of.
Question # 8
When all the commodities are not of equal importance, the index numbers are called.
Question # 9
The volume or quantity of goods are compared by_______
Question # 10
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 11
Which index numbers are used to measure the buying power of the money
Question # 12
Commodities subject to considerable price variation should be best measured by
Question # 13
While dealing with price we use ----------------- as weights
Question # 14
For computing chain index , we compute
Question # 15
In the price relative, the given year price is divided by the _________.
Question # 16
The base period in fixed base should be
Question # 17
The weights used in a quantity index are
ICS Part 1 Statistics Chapter 5 MCQs Test
Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 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 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 4 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 5 | 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
|
| 6 | 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
|
| 7 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 8 | 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
|
| 9 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 10 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
Test Questions