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

    State some uses of consumer price index number.

    • Ans 1: The consumer price indices can help the government to take suitable economic measures to control prices.
    • Ans 2: These indices can be made a basis for regulation of wage rates. They are used by industrial and commercial organizations to grant dearness allowance and bonus to their employees to meet the increased cost of living.
    • Ans 3: Index numbers are used to evaluate the purchasing power of money, They are also used for forecasting business and economic activities.
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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

    State some uses of consumer price index number.

    • Ans 1: The consumer price indices can help the government to take suitable economic measures to control prices.
    • Ans 2: These indices can be made a basis for regulation of wage rates. They are used by industrial and commercial organizations to grant dearness allowance and bonus to their employees to meet the increased cost of living.
    • Ans 3: Index numbers are used to evaluate the purchasing power of money, They are also used for forecasting business and economic activities.
    Submit

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

    Question # 1

    How many methods are used for selection of base period. Name those methos.

    • Ans 1: 1- Fixed base method
    • Ans 2: 2- Chain base method
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    ICS Part 1 Statistics Chapter 5 Short Questions Preparation - Set 3

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

    Question # 1

    Differnence between fixed base method and chain base method.

    • Ans 1: Fixed Base Method: In this method , the average price of a particular year or the average of teh prices of a numebr of years is used as base.
    • Ans 2: Chain base Method: In this method price of the preceding year is taken as base. Price relatives computed by chain base method are called link relatives. Link relativesa re also expressed as percentages.
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    ICS Part 1 Statistics Chapter 5 Short Questions Preparation - Set 5

    Question # 1

    What are the three types of index numbers.

    • Ans 1: There are three types of index numbers.Price index numbersQuantity Index numberValue index number
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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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