5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

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

ICS Part 1 Statistics Chapter 5 Test

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ICS Part 1 Statistics Chapter Wise Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

Sr. # Questions Answers Choice
1 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
2 Commodities subject to considerable price variation should best be measured by
  • A. Quantity index
  • B. Price index
  • C. Value index
  • D. None of thes
3 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
4 Geometric mean of the relative is.
  • A. Reversible
  • B. None - Reversible
  • C. Both A and B
  • D. None of these
5 Laspeyres index number is also called as:
  • A. Base year weight index number
  • B. Current year weight index number
  • C. Ideal index number
  • D. Fisher index number
6 The weights used in a price index are.
  • A. Percentage of total price
  • B. Average of prices
  • C. Quantities
  • 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 In a fixed base method which period is taken always 100
  • A. Preceding
  • B. Following
  • C. Base
  • D. Current
9 When all the commodities are not of equal importance, the index numbers are called.
  • A. Simple
  • B. Weighted
  • C. Value
  • D. Un weighted
10 Geometric mean is a suitable average in ______ method.
  • A. Price index
  • B. Chanin bases
  • C. Quantity index
  • D. Index mean

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    Merry

    28 Mar 2016

    This is very inf0rmative site.

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