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Online Tests
Statistics Ics Part 1 Chapter 5 Online Test MCQs With Answers
Question # 1
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 # 2
The price used in the construction of consumer price index numbers are.
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The retail prices
The fixed price
Thw wholsale prices
None of these
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Question # 3
Commodities subject to considerable price variation should be best measured by
Choose an answer
Quantity index
Price index
Value index
None of these
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Question # 4
Importance of commodity is its
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Quantity
Quality
Weight
Price
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Question # 5
In a fixed base method which period is taken always 100
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Preceding
Following
Base
Current
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Question # 6
If we went to compare the prices of wheat then we have to compute.
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Price index number
Quantity index number
Volume index number
Both B and C
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Question # 7
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 # 8
In chain base method the base period is.
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Fixed
Changed
Constant
None of these
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Question # 9
The base period in fixed base should be
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Current year
Normal year
Highest year
Lowest year
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Question # 10
Consumer price indexis obtained by.
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Paache's formula
Marshall Edgeworth formula
Fisher's ideal formula
Family Budget Method formula
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Question # 11
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 # 12
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.
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The values are multiplied together.
The largest values is found
The valeus are averaged
None of them
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Question # 13
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
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Question # 14
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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Question # 15
The most suitable average for computing of index number is:
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A.M
G.M
Median
H.M
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Question # 16
Both quantities and prices are used in
Choose an answer
Link relatives
Chain relatives
Average of relatives
Aggregative index numbers
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Question # 17
In fixed base method, the base period should be.
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Far away
Normal
Un reliable
Abnormal
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Question # 18
Commodities subject to considerable price variation should best be measured by
Choose an answer
Quantity index
Price index
Value index
None of these
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Question # 19
Which of the following indices satisfies both the time reversal and factor reveral tests.
Choose an answer
Laspeyres' index
Fisher's index
Paasche's index
Marshall -edge worth
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Question # 20
the base period can be described as a normal period if
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it is neither the peak nor the trough of a fluctuation
It is the most recent period for which we have data
It is the average of several consecutive pariods
None of these
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Question # 21
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 # 22
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 # 23
The volume or quantity of goods are compared by
Choose an answer
Price index numbers
Relative index numbers
Volume index numbers
Paasche's index
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Question # 24
The base period in fixed bases should be________
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A normal year
Abnormal year
Special
General
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Question # 25
Laspeyres index number is also called as:
Choose an answer
Base year weight index number
Current year weight index number
Ideal index number
Fisher index number
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