5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

This online test contains MCQs about following topics:

Introduction to index number . Construction of price index number . Unweighted index numbers . Weighted index numbers . Consumer price index and wholesale price index

ICS Part 1 Statistics Chapter 5 Test

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ICS Part 1 Statistics Chapter Wise Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

Sr. # Questions Answers Choice
1 Which of the following indices satisfies both the time reversal and factor reveral tests.
  • A. Laspeyres' index
  • B. Fisher's index
  • C. Paasche's index
  • D. Marshall -edge worth
2 Which of the followingindices satisfies both the time reversal and factor reversal tests.
  • A. Fisher's method
  • B. Paasche's method
  • C. Laspeyres method
  • D. None of these
3 Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
  • A. Laspeyres method
  • B. Marshall -Edge worth's methods
  • C. Peasche's method
  • D. Fisher's method
4 Circular test is satisfied by
  • A. Laspeyres index
  • B. Paasche's index
  • C. Fisher's method
  • D. None of these
5 The index number given by formula&nbsp;Σp<sub>n</sub>q<sub>n</sub>/Σp<sub>n</sub>q<sub>n</sub> x100 is:
  • A. Laspeyres index
  • B. The paasche's index
  • C. The value index
  • D. None of these
6 The price used in the construction of consumer price index numbers are.
  • A. The retail prices
  • B. The fixed price
  • C. Thw wholsale prices
  • D. None of these
7 Index number of the year text to the base year can be shown as
  • A. Q<sub>n</sub>
  • B. Q<sub>on</sub>
  • C. Q<sub>01</sub>
  • D. Q<sub>oi</sub>
8 The volume or quantity of goods are compared by
  • A. Price index numbers
  • B. Relative index numbers
  • C. Volume index numbers
  • D. Paasche's index
9 An index having a wide scope is called:
  • A. Price index number
  • B. General purpose index number&nbsp;
  • C. Special purpose index number
  • D. None of these
10 If we went to compare the prices of wheat then we have to compute.
  • A. Price index number
  • B. Quantity index number
  • C. Volume index number
  • D. Both B and C

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    Merry

    28 Mar 2016

    This is very inf0rmative site.

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