5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

First Year ICS Statistics Chapter 5 Online MCQ Test (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 ICS Statistics Chapter 5 Online MCQ Test (Index Numbers)

Sr. # Questions Answers Choice
1 If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
  • A. 100
  • B. 104.1
  • C. 106.2
  • D. 110.2
2 Index number are called:
  • A. Mathematical barometer
  • B. Economic barometer
  • C. Statistical barometer
  • D. Both A and C
3 Geometric mean is a suitable average in ______ method.
  • A. Price index
  • B. Chanin bases
  • C. Quantity index
  • D. Index mean
4 If all the value of have equal importance,then we have to assigned certain values is such index number are called.
  • A. Weighted index number
  • B. Un-weighted index
  • C. Both A and B
  • D. Average
5 In chain base method the base period is.
  • A. Fixed
  • B. Changed
  • C. Constant
  • D. None of these
6 If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
  • A. 100
  • B. 200
  • C. Zero
  • D. 1000
7 Both quantities and prices are used in
  • A. Link relatives
  • B. Chain relatives
  • C. Average of relatives
  • D. Aggregative index numbers
8 To measrue how much the cost of some variable changes over time you would use.
  • A. A volue inxex
  • B. An inflation index
  • C. A quantity index
  • D. None of these
9 Which index numbers are used to measure the buying power of the money
  • A. Wholesale Price index number
  • B. Money index number
  • C. Simple index number
  • D. Price index number
10 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

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    Merry

    28 Mar 2016

    This is very inf0rmative site.

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