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

Circular test is satisfied by

• Laspeyres index A
• Paasche's index B
• Fisher's method 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

To measrue how much the cost of some variable changes over time you would use.

• A volue inxex A
• An inflation index B
• A quantity index C
• None of these D

Which index number has a wide soope

• Special A
• General B
• Price C
• Quantity D

CPI falls in the category of.

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

Which is the most useful average in chain base method

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

In the price relative, the given year price is divided by the _________.

• Base year price A
• Current year price B
• Previous year price C
• None of these D

The volume or quantity of goods are compared by_______

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

Composite inde numebr involves commodities.

• One A
• Two B
• Three C
• More than one D

The volume or quantity of goods are compared by

• Price index numbers A
• Relative index numbers B
• Volume index numbers C
• Paasche's index D

The index number are generally classified into ___________ types.

• Two  A
• Four B
• Five C
• Three D

If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:

• 100 A
• 104.1 B
• 106.2 C
• 110.2 D

Link relataives can be obtained dividing Pn by

• Po A
• P n-1 B
• qo C
• qn-1 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

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