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

    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.
    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

    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.
    Submit

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

    Question # 1

    Write two advantage of chain base method.

    • Ans 1: 1.Link relative are useful to make year to year comparisons.
      2.New items can be substituted for old items provided the number of items remain the same.
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    ICS Part 1 Statistics Chapter 5 Short Questions Preparation - Set 3

    Question # 1

    Name the sources of index number.

    • Ans 1: Publications of Federal Bureau of statistic. Provincial Bureaus of statistics and state Bank of Pakistan provide a wealth of data. Almost all government departments distribute data about their activites from which index numbers can be computed.
    • Ans 2: Many finanaicial and business newspapers and magazines privide information from which index numbers can be computed.
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    ICS Part 1 Statistics Chapter 5 Short Questions Preparation - Set 4

    Question # 1

    Which index number satisfy the time revereal or factor reveral test or both.

    • Ans 1: Fisher's ideal index satisfice both the time reverail and factor reversal tests Marshall Edgeworth index satisfies the time reversal test only Laspeyres and Paasche indices do not satisfy both the tests.
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    ICS Part 1 Statistics Chapter 5 Short Questions Preparation - Set 5

    Question # 1

    Distinguish between general purpose index numebr and speciaal purpose index number.

    • Ans 1: An index number designed to measure changes in the general price level in a country would be a general purpose index number.
    • Ans 2: The index number aimed at comparing the prices of particular items e.g. cigarettes would be a special purpose index number.
    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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