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12th Business Statistics Chapter 4 Test

Here you can prepare 12th Class Business Statistics Chapter 4 Index Numbers Test. Click the button for 100% free full practice test.

12th class Business Statistics chapter 4 online mcq test with answers for ICom part 2 Business Statistics Chapter 4 (Index Numbers)

12th class Business Statistics chapter 4 online mcq test with answers for ICom part 2 Business Statistics Chapter 4 (Index Numbers)

Sr. # Questions Answers Choice
1 Geometric mean of the relatives is.
  • A. Non -reversible
  • B. Reversible
  • C. Both a and b
  • D. None of above
2 Marshall Edgeworth price index was proposed by.
  • A. Two english economist
  • B. Two English mathematician
  • C. Three English economist
  • D. the English Scientist
3 WPI stand for.
  • A. Whole sale price index
  • B. Whole price index
  • C. Wider price index
  • D. Weighted price index
4 The index numbers are calculated in.
  • A. Ratios
  • B. Percentages
  • C. Decimal
  • D. Fractions
5 The number of commodities in the construction of whole sale index should between 20 to 50, according to.
  • A. Fisher
  • B. Marshall
  • C. Edgeworth
  • D. Paasche's
6 The general purchasing power of the currency of a country is determined by.
  • A. Simpel index
  • B. Whole sale price index
  • C. Composite index
  • D. Volume index
7 When the price of the year is divided by the price of a particular year we get.
  • A. Price relative
  • B. Link relatives
  • C. Simple relatives
  • D. All of the above
8 Which of the following is called an ideal index number.
  • A. Paasche's index number
  • B. Laspeyre's index number
  • C. Marshal's index number
  • D. Fisher's index number
9 The prices of rice are compared by.
  • A. Weighted index
  • B. Simple index
  • C. Composite index
  • D. Compound index
10 Consumer price index numbers are obtained by.
  • A. Fisher's ideal formula
  • B. Marshall Edgeworth's formula
  • C. Paasche's formula
  • D. Laspayre's formula

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    Wajiha Safdar

    20 Feb 2016

    owesome site and mossst helpful site

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