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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 all values considered in calculating an index are of equal importance, the index is
Question # 3
the base period can be described as a normal period if
Question # 4
The change is whole sale or retail are studied ___________
Question # 5
While dealing with price we use ----------------- as weights
Question # 6
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 7
In chain base method the base period is.
Question # 8
Paasche's index is also called
Question # 9
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 10
In the price relative, the given year price is divided by the _________.
Question # 11
The volume or quantity of goods are compared by
Question # 12
Link relataives can be obtained dividing Pn by
Question # 13
Geometric mean of the relative is.
Question # 14
Composite inde numebr involves commodities.
Question # 15
The changes in whole sale or retail price are studies in
Question # 16
The base period in fixed base should be
Question # 17
Price of commodity in current year can be represented 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 methods uses quantities consumed in the base period when computing a weighted index. |
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
|
| 2 | 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
|
| 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 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 5 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 6 | the base period can be described as a normal period if |
A. it is neither the peak nor the trough of a fluctuation
B. It is the most recent period for which we have data
C. It is the average of several consecutive pariods
D. None of these
|
| 7 | 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
|
| 8 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 9 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 10 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.