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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
Commodities subject to considerable price variation should be best measured by
Question # 2
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 3
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
Laspeyres index number is also called as:
Question # 6
The base period in fixed base should be
Question # 7
Link relataives can be obtained dividing Pn by
Question # 8
The index number are generally classified into ___________ types.
Question # 9
Which index number has a wide soope
Question # 10
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 11
An index having a wide scope is called:
Question # 12
the base period can be described as a normal period if
Question # 13
Commodities subject to considerable price variation should best be measured by
Question # 14
Commodities subject to considerable price variation should best be measured by
Question # 15
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 16
Which is the most suitabel average in chain base method.
Question # 17
Index number of the year text to the base year can be shown as
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 | Value of commodity can be calculate by the formula |
A. Po x Pn
B. Price x volume
C.
D. Price x quantity
|
| 2 | Which of the following methods uses quantities consumed in the base period when computing a weighted index. |
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
|
| 3 | 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
|
| 4 | The index number given by formula Σpnqn/Σpnqn x100 is: |
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
|
| 5 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 6 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 7 | 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
|
| 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 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 10 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.