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Online Tests
Statistics Ics Part 1 Chapter 5 Online Test MCQs With Answers
Question # 1
The weights used in a quantity index are
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Percentage of total quantity
Prices
Average of quantities
None of these
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Question # 2
If we went to compare the prices of wheat then we have to compute.
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Price index number
Quantity index number
Volume index number
Both B and C
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Question # 3
In chain base method the base period is.
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Fixed
Changed
Constant
None of these
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Question # 4
CPI falls in the category of.
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A simple index
An aggregative
An inflationary index
Wholesale price index
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Question # 5
Commodities subject to considerable price variation should be best measured by
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Quantity index
Price index
Value index
None of these
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Question # 6
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
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100
104.1
106.2
110.2
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Question # 7
For computing chain index , we compute
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Price relative
Link relative
Weighted indices
None of these
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Question # 8
Which is the most useful average in chain base method
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Arithmetic mean
Median
Geometric mean
Weighted arithmetic mean
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Question # 9
Which method of construction of consumer price index number is the laspeye's index number.
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Aggregate expenditure method
Family budget method
Both a and b
None of these
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Question # 10
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
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Laspeyres method
Marshall -Edge worth's methods
Peasche's method
Fisher's method
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Question # 11
The changes in whole sale or retail price are studies in
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Price index numbers
Volume index numbers
Aggregate index numbers
Chain index numbers
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Question # 12
Price of commodity in current year can be represented as
Choose an answer
P
oi
P
on
P
n
P
i
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Question # 13
The weights used in a price index are.
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Percentage of total price
Average of prices
Quantities
None of these
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Question # 14
The index number are generally classified into ___________ types.
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Two
Four
Five
Three
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Question # 15
Base yar weighted index number are.
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Laspeyre's
Paasche's
Fisher's
C.P.I
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Question # 16
Theoretically best average used in the construction of composite index in
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The arithmetic mean
The geometric mean
The median
The harmonic mean
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Question # 17
Which index numbers are used to measure the buying power of the money
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Wholesale Price index number
Money index number
Simple index number
Price index number
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Question # 18
While dealing with price we use ----------------- as weights
Choose an answer
Quantity
Quality
Volume
Both (b) and (c)
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