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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
In fixed base method, the base period should be.
Question # 2
In chain base method the base period is.
Question # 3
An index that measures the change for a fixed time period is called.
Question # 4
To measrue how much the cost of some variable changes over time you would use.
Question # 5
In a fixed base method which period is taken always 100
Question # 6
If we went to compare the prices of wheat then we have to compute.
Question # 7
How many basic types of index numbers.
Question # 8
While dealing with price we use ----------------- as weights
Question # 9
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 10
Paasche's index is also called
Question # 11
The index number are generally classified into ___________ types.
Question # 12
The change is whole sale or retail are studied ___________
Question # 13
The weights used in a price index are.
Question # 14
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 15
The most suitable average for computing of index number is:
Question # 16
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 17
Commodities subject to considerable price variation should best be measured by
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 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 2 | 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
|
| 3 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
|
| 4 | Index number of the year text to the base year can be shown as |
A. Qn
B. Qon
C. Q01
D. Qoi
|
| 5 | 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
|
| 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 | 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
|
| 8 | Which of the following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres' method
B. Paache's method
C. Fisher's method
D. Marshall -Edge worth's method
|
| 9 | If all the values considered in calculating an inxed are of equal importance, teh index is. |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 10 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.