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 Base yar weighted index number are.
  • A. Laspeyre's
  • B. Paasche's
  • C. Fisher's
  • D. C.P.I
2 Consumer price indexis obtained by.
  • A. Paache's formula
  • B. Marshall Edgeworth formula
  • C. Fisher's ideal formula
  • D. Family Budget Method formula
3 Which of the following methods uses quantities consumed in the current period when computing a weighted index.
  • A. Laspeyres' method
  • B. Paache's method
  • C. Fisher's method
  • D. Marshall -Edge worth's method
4 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
5 Both quantities and prices are used in:
  • A. Link relatives
  • B. Chain relatives
  • C. Average of relatives 
  • D. Aggregative index number
6 While dealing with price we use ----------------- as weights
  • A. Quantity
  • B. Quality
  • C. Volume
  • D. Both (b) and (c)
7 Composite inde numebr involves commodities.
  • A. One
  • B. Two
  • C. Three
  • D. More than one
8 The volume or quantity of goods are compared by_______
  • A. Price index number 
  • B. Volume index number
  • C. Quantity
  • D. None of these
9 The weights used in a price index are.
  • A. Percentage of total price
  • B. Average of prices
  • C. Quantities
  • D. None of these
10 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

Top Scorers of Statistics Ics Part 1 Chapter 5 Online Test

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Ghazala Yasmeen

Lahore13 - Nov - 2024

14/17
03 Mins 55 Sec
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Babogujjar

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13/17
05 Mins 30 Sec
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Ghazala Yasmeen

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11/17
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Ghazala Yasmeen

Lahore13 - Nov - 2024

9/17
02 Mins 49 Sec

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  • M

    Merry

    28 Mar 2016

    This is very inf0rmative site.

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