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

    Enlist the main steps involved in the construction of index number.

    • Ans 1: 1- Definition of the purpose and scope.
    • Ans 2: 2- Selection of commodities to be included.
    • Ans 3: 3- Collction prices.
    • Ans 4: 4- Selection of the base period
      5- Choice of average to be used
    • Ans 5: 6- Selection of suitable weights
    Submit

    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

    Enlist the main steps involved in the construction of index number.

    • Ans 1: 1- Definition of the purpose and scope.
    • Ans 2: 2- Selection of commodities to be included.
    • Ans 3: 3- Collction prices.
    • Ans 4: 4- Selection of the base period
      5- Choice of average to be used
    • Ans 5: 6- Selection of suitable weights
    Submit

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

    Question # 1

    Distinguish between an unweighted index number and a weighted index number.

    • Ans 1: An unweighted index in that in which all values considered in calculating the index are of equal importance.
    • Ans 2: A weight index is that in which we attach greater importance to changes in some variable than to others.
    • Ans 3: In an unweighted index, we do no consider the quantities, whereas, in a weighted index, the quantities are considred.
    Submit

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

    Question # 1

    Write main steps involved in construction of price index numbers.

    • Ans 1:
      1. Purpose and Scope
      2. Selecting components
      3. Choosing the base year
      4. choosing the weight
      5. choosing the average
    Submit

    ICS Part 1 Statistics Chapter 5 Short Questions Preparation - Set 4

    Question # 1

    Define link relative .

    • Ans 1: A price relative in which price of the precodring year is taken as base is called the link relative.
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    ICS Part 1 Statistics Chapter 5 Short Questions Preparation - Set 5

    Question # 1

    Defien simple and composite index number.

    • Ans 1: An index number that is computed for a single variable is called a simple index number.
    • Ans 2: An index number that is computed from two or more variiables is called composite index numbers.
    Submit

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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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