Question # 1

Paasche's index is also called

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Consumer price index

Current year price

Simple index

Cost of consumption

Which of the following indices satisfies both the time reversal and factor reveral tests.

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Laspeyres' index

Fisher's index

Paasche's index

Marshall -edge worth

Which of the followingindices satisfies both the time reversal and factor reversal tests.

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Fisher's method

Paasche's method

Laspeyres method

None of these

Which of the following price indices are prepared by Federal Bureau of Statistics.

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Wholesale price index

Consumer price index

Sensitive price indicator

All of these

Geometric mean is a suitable average in ______ method.

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Price index

Chanin bases

Quantity index

Index mean

Commodities subject to considerable price variation should best be measured by

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Quantity index

Price index

Value index

None of these

The index number are generally classified into ___________ types.

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Two

Four

Five

Three

Commodities subject to considerable price variation should best be measured by

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Quantity index

Price index

Value index

None of thes

Index for base period is always take as.

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zero

one

200

100

Which index numbers are used to measure the buying power of the money

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Wholesale Price index number

Money index number

Simple index number

Price index number

An index that measures the change for a fixed time period is called.

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Chain base method

Fixed base method

Simple aggregative method

Cost of living method

Both quantities and prices are used in:

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Link relatives

Chain relatives

Average of relatives

Aggregative index number

While dealing with price we use ----------------- as weights

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Quantity

Quality

Volume

Both (b) and (c)

In a fixed base method which period is taken always 100

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Preceding

Following

Base

Current

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

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Weighted

Simple

Un weighted

None of these

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

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Weighted

Simple

Un weighted

None of these

When the base year values are used as weights, the weighted average of relatives price index is the same as.

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the paache's index

The laspeyres index

The unweighted average of relatives price index

None of these

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Statistics Ics Part 1 Chapter 5 Online Test MCQs With Answers

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