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 While dealing with price we use ----------------- as weights
  • A. Quantity
  • B. Quality
  • C. Volume
  • D. Both (b) and (c)
2 Base yar weighted index number are.
  • A. Laspeyre's
  • B. Paasche's
  • C. Fisher's
  • D. C.P.I
3 the base period can be described as a normal period if
  • A. it is neither the peak nor the trough of a fluctuation
  • B. It is the most recent period for which we have data
  • C. It is the average of several consecutive pariods
  • D. None of these
4 If an unweighed average of revalives index pn/po x 100 is calculated for each product in the compostive, what is then done with these values to finish the calculation.
  • A. The values are multiplied together.
  • B. The largest values is found
  • C. The valeus are averaged
  • D. None of them
5 Paasche's index is also called
  • A. Consumer price index
  • B. Current year price
  • C. Simple index
  • D. Cost of consumption
6 Which is the most suitabel average in chain base method.
  • A. Arithemetic mean
  • B. Median
  • C. Geometric mean
  • D. Weighted arithmetic mean
7 Consumer price indexis obtained by.
  • A. Paache's formula
  • B. Marshall Edgeworth formula
  • C. Fisher's ideal formula
  • D. Family Budget Method formula
8 The base period  in fixed bases should be________
  • A. A normal year
  • B. Abnormal year
  • C. Special
  • D. General
9 The changes in whole sale or retail price are studies in
  • A. Price index numbers
  • B. Volume index numbers
  • C. Aggregate index numbers
  • D. Chain index numbers
10 Which of the following price indices are prepared by Federal Bureau of Statistics.
  • A. Wholesale price index
  • B. Consumer price index
  • C. Sensitive price indicator
  • D. All of these

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    Merry

    28 Mar 2016

    This is very inf0rmative site.

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