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Online Tests
Statistics Ics Part 1 Chapter 5 Online Test MCQs With Answers
Question # 1
Commodities subject to considerable price variation should best be measured by
Choose an answer
Quantity index
Price index
Value index
None of thes
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Question # 2
Price relatives is a ratio of current year price and.
Choose an answer
Base year quantity
Previous year quantity
Base year price
Current year quantity
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Question # 3
The base period in fixed base should be
Choose an answer
Current year
Normal year
Highest year
Lowest year
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Question # 4
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Choose an answer
the paache's index
The laspeyres index
The unweighted average of relatives price index
None of these
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Question # 5
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Choose an answer
Laspeyres method
Marshall -Edge worth's methods
Peasche's method
Fisher's method
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Question # 6
In chain base method the base period is.
Choose an answer
Fixed
Changed
Constant
None of these
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Question # 7
When all the commodities are not of equal importance, the index numbers are called.
Choose an answer
Simple
Weighted
Value
Un weighted
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Question # 8
Base yar weighted index number are.
Choose an answer
Laspeyre's
Paasche's
Fisher's
C.P.I
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Question # 9
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Choose an answer
Fisher's method
Paasche's method
Laspeyres method
None of these
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Question # 10
Consumer price indexis obtained by.
Choose an answer
Paache's formula
Marshall Edgeworth formula
Fisher's ideal formula
Family Budget Method formula
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Question # 11
Which is the most useful average in chain base method
Choose an answer
Arithmetic mean
Median
Geometric mean
Weighted arithmetic mean
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Question # 12
Both quantities and prices are used in:
Choose an answer
Link relatives
Chain relatives
Average of relatives
Aggregative index number
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Question # 13
Index for base period is always take as.
Choose an answer
zero
one
200
100
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Question # 14
Value of commodity can be calculate by the formula
Choose an answer
P
o
x P
n
Price x volume
Price x quantity
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Question # 15
For computing chain index , we compute
Choose an answer
Price relative
Link relative
Weighted indices
None of these
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Question # 16
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Choose an answer
Laspeyree'method
Paasche's method
Fisher's method
None of these
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Question # 17
Link relataives can be obtained dividing Pn by
Choose an answer
Po
P n-1
qo
qn-1
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