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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
MCQ's Test For Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test"
Try The MCQ's Test For Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test"
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Total Questions17
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Time Allowed20
Statistics Ics Part 1 Chapter 5 Online Test
00:00
Question # 1
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 2
The consumer price index number is also called.
Question # 3
Which method of construction of consumer price index number is the laspeye's index number.
Question # 4
For computing chain index , we compute
Question # 5
Geometric mean is a suitable average in ______ method.
Question # 6
In fixed base method, the base period should be.
Question # 7
Index number are called:
Question # 8
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 9
The changes in whole sale or retail price are studies in
Question # 10
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 11
Price of commodity in current year can be represented as
Question # 12
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 13
An index that measures the change for a fixed time period is called.
Question # 14
Index number of the year text to the base year can be shown as
Question # 15
Which is the most suitabel average in chain base method.
Question # 16
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 17
Both quantities and prices are used in:
ICS Part 1 Statistics Chapter 5 MCQs Test
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If all values considered in calculating an index are of equal importance, the index is |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 2 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 3 | 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
|
| 4 | 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
|
| 5 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 6 | The volume or quantity of goods are compared by_______ |
A. Price index number
B. Volume index number
C. Quantity
D. None of these
|
| 7 | 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
|
| 8 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 9 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 10 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.