11th class Statistics chapter 5 online mcq test with answers for ICS part 1 Statistics chapter 5(Index Numbers)

Statistics Ics Part 1 Chapter 5 Online Test

Sr. #	Questions	Answers Choice
1	The most suitable average for computing of index number is:	A.M G.M Median H.M
2	An index having a wide scope is called:	Price index number General purpose index number  Special purpose index number None of these
3	In the price relative, the given year price is divided by the _________.	Base year price Current year price Previous year price None of these
4	Geometric mean is a suitable average in ______ method.	Price index Chanin bases Quantity index Index mean
5	The base period in fixed bases should be________	A normal year Abnormal year Special General
6	The volume or quantity of goods are compared by_______	Price index number  Volume index number Quantity None of these
7	The change is whole sale or retail are studied ___________	Price index number Quantity index number Volume index number None of these
8		The Laspeyres index The Paasches index The value index None of these
9	The weights used in a quantity index are	Percentage of total quantity Prices Average of quantities None of these
10	Both quantities and prices are used in	Link relatives Chain relatives Average of relatives Aggregative index numbers
11	The base period in fixed base should be	Current year Normal year Highest year Lowest year
12	The volume or quantity of goods are compared by	Price index numbers Relative index numbers Volume index numbers Paasche's index
13	If all values considered in calculating an index are of equal importance, the index is	Weighted Simple Un weighted None of these
14	Commodities subject to considerable price variation should be best measured by	Quantity index Price index Value index None of these
15	Which is the most useful average in chain base method	Arithmetic mean Median Geometric mean Weighted arithmetic mean
16	The changes in whole sale or retail price are studies in	Price index numbers Volume index numbers Aggregate index numbers Chain index numbers
17	Which index numbers are used to measure the buying power of the money	Wholesale Price index number Money index number Simple index number Price index number

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