First Year ICS Statistics Chapter 5 Online MCQ Test (Index Numbers)

When the base year values are used as weights, the weighted average of relatives price index is the same as.

• the paache's index A
• The laspeyres index B
• The unweighted average of relatives price index C
• None of these D

Consumer price indexis obtained by.

• Paache's formula A
• Marshall Edgeworth formula B
• Fisher's ideal formula C
• Family Budget Method formula D

Which of the following methods uses quantities consumed in the base period when computing a weighted index.

• Laspeyree'method A
• Paasche's method B
• Fisher's method C
• None of these D

Importance of commodity is its

• Quantity A
• Quality B
• Weight C
• Price D

If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993.

• 90.0 A
• 13.75 B
• 880 C
• 110 D

The consumer price index number is also called.

• The cost of living index number A
• The retail price index number B
• The wholsale price index number C
• Both a and b D

While dealing with price we use ----------------- as weights

• Quantity A
• Quality B
• Volume C
• Both (b) and (c) D

Commodities subject to considerable price variation should best be measured by

• Quantity index A
• Price index B
• Value index C
• None of thes D

CPI falls in the category of.

• A simple index A
• An aggregative B
• An inflationary index C
• Wholesale price index D

For computing chain index , we compute

• Price relative A
• Link relative B
• Weighted indices C
• None of these D

Which is the most useful average in chain base method

• Arithmetic mean A
• Median B
• Geometric mean C
• Weighted arithmetic mean D

The index number given by formula Σp_nq_n/Σp_nq_n x100 is:

• Laspeyres index A
• The paasche's index B
• The value index C
• None of these D

If all the value of have equal importance,then we have to assigned certain values is such index number are called.

• Weighted index number A
• Un-weighted index B
• Both A and B C
• Average D

The changes in whole sale or retail price are studies in

• Price index numbers A
• Volume index numbers B
• Aggregate index numbers C
• Chain index numbers D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

Paasche's index is also called

• Consumer price index A
• Current year price B
• Simple index C
• Cost of consumption D

The volume or quantity of goods are compared by_______

• Price index number  A
• Volume index number B
• Quantity C
• None of these D