Statistics Ics Part 1 Chapter 5 Online Test With Answers

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Statistics Ics Part 1 Chapter 5 Online Test

Sr. # Questions Answers Choice
1 Which method of construction of consumer price index number is the laspeye's index number. Aggregate expenditure method Family budget method Both a and b None of these
2 The consumer price index number is also called. The cost of living index number The retail price index number The wholsale price index number Both a and b
3 The price used in the construction of consumer price index numbers are. The retail prices The fixed price Thw wholsale prices None of these
4 Which is the most suitabel average in chain base method. Arithemetic mean Median Geometric mean Weighted arithmetic mean
5 Which of the following indices has an upward bias. Laspeyres' index Paache's index Fisher's index None of these
6 Theoretically best average used in the construction of composite index in The arithmetic mean The geometric mean The median The harmonic mean
7 Commodities subject to considerable price variation should best be measured by Quantity index Price index Value index None of thes
8 To measrue how much the cost of some variable changes over time you would use. A volue inxex An inflation index A quantity index None of these
9 Commodities subject to considerable price variation should best be measured by Quantity index Price index Value index None of these
10 Circular test is satisfied by Laspeyres index Paasche's index Fisher's method None of these
11 Which of the followingindices satisfies both the time reversal and factor reversal tests. Fisher's method Paasche's method Laspeyres method None of these
12 Which of the followingindices satisfies both the time reversal and factor reversal tests. Fisher's method Paasche's method Laspeyres method None of these
13 Which of the followingindices satisfies both the time reversal and factor reversal tests. Fisher's method Paasche's method Laspeyres method None of these
14 Which of the followingindices satisfies both the time reversal and factor reversal tests. Fisher's method Paasche's method Laspeyres method None of these
15 Which of the following methods uses quantities consumed in the current period when computing a weighted index. Laspeyres' method Paache's method Fisher's method Marshall -Edge worth's method
16 Which of the following indices satisfies both the time reversal and factor reveral tests. Laspeyres' index Fisher's index Paasche's index Marshall -edge worth
17 Which of the following methods uses quantities consumed in the base period when computing a weighted index. Laspeyree'method Paasche's method Fisher's method None of these
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