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

The weights used in a price index are.

• Percentage of total price A
• Average of prices B
• Quantities C
• None of these D

Composite inde numebr involves commodities.

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

If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993.

• 90.0 A
• 13.75 B
• 880 C
• 110 D

Which of the following indices has an upward bias.

• Laspeyres' index A
• Paache's index B
• Fisher's index C
• None of these D

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.

• The values are multiplied together. A
• The largest values is found B
• The valeus are averaged C
• None of them 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

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

Commodities subject to considerable price variation should best be measured by

• Quantity index A
• Price index B
• Value index C
• None of these D

The index numbers are generally classified into ------------- types

• two A
• Four B
• five C
• Three D

Commodities subject to considerable price variation should be best measured by

• Quantity index A
• Price index B
• Value index C
• None of these D

Paasche's index number is:

• Simple index number A
• Weighted index number B
• Un-weighted index number C
• Composite index number D

If all values considered in calculating an index are of equal importance, the index is

• Weighted A
• Simple B
• Un weighted C
• None of these D

How many basic types of index numbers.

• 2 A
• 3 B
• 4 C
• 5 D

Which is the most useful average in chain base method

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

Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.

• Laspeyres method A
• Marshall -Edge worth's methods B
• Peasche's method C
• Fisher's method D

Link relataives can be obtained dividing Pn by

• Po A
• P n-1 B
• qo C
• qn-1 D

Index for base period is always take as.

• zero A
• one B
• 200 C
• 100 D