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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
If we went to compare the prices of wheat then we have to compute.
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
Which index numbers are used to measure the buying power of the money
Question # 5
Price of commodity in current year can be represented as
Question # 6
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 7
Link relataives can be obtained dividing Pn by
Question # 8
Index number are called:
Question # 9
Index for base period is always take as.
Question # 10
The changes in whole sale or retail price are studies in
Question # 11
For computing chain index , we compute
Question # 12
Both quantities and prices are used in:
Question # 13
CPI falls in the category of.
Question # 14
While dealing with price we use ----------------- as weights
Question # 15
Importance of commodity is its
Question # 16
The volume or quantity of goods are compared by
Question # 17
When all the commodities are not of equal importance, the index numbers are called.
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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U Ubaid Raza 10 - Sep - 2024 01 Min 33 Sec 17/17 -
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 2 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 3 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 4 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 5 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 6 | When the base year values are used as weights, the weighted average of relatives price index is the same as. |
A. the paache's index
B. The laspeyres index
C. The unweighted average of relatives price index
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 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 9 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 10 | If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is. |
A. 100
B. 200
C. Zero
D. 1000
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.