First Year Statistics Chapter 5 Online Short Questions for 1st Year Statistics Chapter 5 (Index Numbers)

Many students found the Statistics a tough subject. It is because the students did not get the proper guidance. In Statistics subject with the little hard work and practice students can get good marks in the exams. Here ilmkidunya is providing the students all type of study material i.e. Short questions, mcq, online test system and much more material for the preparation and to get good marks in exams. Candidates of ICS part 1 are informed that they are able to download solved short questions of English medium Statistics chapter No.5 (Index numbers) from our Pakistan no 1 website ilmkidunya.com. They can practice with solved short questions for very well preparations of final term examinations of Statistics. Students can also practice through an online test system. Through online test system students can give the test of any subject chapter and can prepare for the exams in a very effective way.

In this chapter students can cover these topics which are:

  • Introduction

  • Simple index numbers

  • Composite index numbers

  • Weighted index numbers

  • Example besco projects

  • City of newton

    • Many students get bored from the old methods of studying from the books and notes. The students who are in a search of the proper help and guidance in the study then Ilmkidunya is the Pakistan’s best platform for the students that provides study material to the students in the best and new way to teach and help the students. Ilmkidunya website also provide the video lectures to the students of every level so that they can watch video lectures online easily by the best teachers in an easy way.

    Here ilmkidunya provides all the important and up to date short questions of the chapter 05 (Index numbers) of the statistics subject ICS part 1. Students of ICS part 1 can easily prepare for their papers and test here for the good achievement in exams. These short questions of the chapter 05 covers all the chapter very easily, so that students can learn and understand the whole chapter without difficulty. Keep visiting the site ilmkidunya to get up to dates of all the study news and latest study material. Students also find the results of all boards.

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    Online Short Questions For Chapter 5 "ICS Part 1 Statistics Chapter 5 Short Questions Preparation "

    Try The Short Questions For ICS Part 1 Statistics Chapter 5 Short Questions Preparation

    • Total Questions10

    • Available Sets5

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    Statistics - ICS Part 1 Statistics Chapter 5 Short Questions Preparation

    Question # 1

    Which methods are used for the construction of consumer price index numbers.

    • Ans 1: Two methods are used for the consumptin of consumer price index numbers
    • Ans 2: 1- Aggregate expenditure method
    • Ans 3: 2- Family budget method . The first method is the base year weighted index given by Laspeyres' formula.The second method is the weighted average of price relatives both methods give the same results.
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    Prepare Complete Set Wise Questions For Chapter 5 "ICS Part 1 Statistics Chapter 5 Short Questions Preparation "

    ICS Part 1 Statistics Chapter 5 Short Questions Preparation - Set 1

    Question # 1

    Which methods are used for the construction of consumer price index numbers.

    • Ans 1: Two methods are used for the consumptin of consumer price index numbers
    • Ans 2: 1- Aggregate expenditure method
    • Ans 3: 2- Family budget method . The first method is the base year weighted index given by Laspeyres' formula.The second method is the weighted average of price relatives both methods give the same results.
    Submit

    ICS Part 1 Statistics Chapter 5 Short Questions Preparation - Set 2

    Question # 1

    What are the types of composite index numbers.

    • Ans 1: Unweighted index numberweighted index number.
    Submit

    ICS Part 1 Statistics Chapter 5 Short Questions Preparation - Set 3

    Question # 1

    Define index number.

    • Ans 1: AN index number is a statistical measure which shows changes in a variable of a group of related variable with respect to times as location.
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    ICS Part 1 Statistics Chapter 5 Short Questions Preparation - Set 4

    Question # 1

    What are the limitation of index number?

    • Ans 1: Some limitation of index are given below:
      1. All index numbers are not suitable for all purpose.
      2. There may be error in choice of base period
      3. If it not possible take into account all change in product.
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    ICS Part 1 Statistics Chapter 5 Short Questions Preparation - Set 5

    Question # 1

    What is the importance of C.P.I?

    • Ans 1: The consumer price index is important because it is one of the chief indicates of inflationary change,
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    11th Class Statistics Chapter 5 Preparation

    Here you can prepare 11th Class Statistics Chapter 5 (Index Numbers) Preparation. Click the button for 100% free full practice Preparation.

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