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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
How many basic types of index numbers.
Question # 2
CPI falls in the category of.
Question # 3
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 4
If we went to compare the prices of wheat then we have to compute.
Question # 5
If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993.
Question # 6
The changes in whole sale or retail price are studies in
Question # 7
The price used in the construction of consumer price index numbers are.
Question # 8
Both quantities and prices are used in
Question # 9
An index having a wide scope is called:
Question # 10
The base period in fixed bases should be________
Question # 11
The index number are generally classified into ___________ types.
Question # 12
Price of commodity in current year can be represented as
Question # 13
In chain base method the base period is.
Question # 14
In a fixed base method which period is taken always 100
Question # 15
To measrue how much the cost of some variable changes over time you would use.
Question # 16
Geometric mean is a suitable average in ______ 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 | If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993. |
A. 90.0
B. 13.75
C. 880
D. 110
|
| 2 | 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
|
| 3 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 4 | Price relatives is a ratio of current year price and. |
A. Base year quantity
B. Previous year quantity
C. Base year price
D. Current year quantity
|
| 5 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 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 | 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
|
| 8 | 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
|
| 9 | Laspeyres index number is also called as: |
A. Base year weight index number
B. Current year weight index number
C. Ideal index number
D. Fisher index number
|
| 10 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.