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Online Tests
Statistics Ics Part 1 Chapter 5 Online Test MCQs With Answers
Question # 1
Theoretically best average used in the construction of composite index in
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The arithmetic mean
The geometric mean
The median
The harmonic mean
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Question # 2
Price relatives is a ratio of current year price and.
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Base year quantity
Previous year quantity
Base year price
Current year quantity
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Question # 3
Laspeyres index number is also called as:
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Base year weight index number
Current year weight index number
Ideal index number
Fisher index number
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Question # 4
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
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Weighted index number
Un-weighted index
Both A and B
Average
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Question # 5
The index numbers are generally classified into ------------- types
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two
Four
five
Three
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Question # 6
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
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Question # 7
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
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Question # 8
The volume or quantity of goods are compared by_______
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Price index number
Volume index number
Quantity
None of these
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Question # 9
Both quantities and prices are used in
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Link relatives
Chain relatives
Average of relatives
Aggregative index numbers
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Question # 10
Price of commodity in current year can be represented as
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P
oi
P
on
P
n
P
i
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Question # 11
Which index number has a wide soope
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Special
General
Price
Quantity
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Question # 12
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
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100
200
Zero
1000
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Question # 13
Circular test is satisfied by
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Laspeyres index
Paasche's index
Fisher's method
None of these
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Question # 14
In fixed base method, the base period should be.
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Far away
Normal
Un reliable
Abnormal
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Question # 15
The consumer price index number is also called.
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The cost of living index number
The retail price index number
The wholsale price index number
Both a and b
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Question # 16
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
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Question # 17
Index number of the year text to the base year can be shown as
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Q
n
Q
on
Q
01
Q
oi
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Question # 18
Base yar weighted index number are.
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Laspeyre's
Paasche's
Fisher's
C.P.I
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