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Online Tests
Statistics Ics Part 1 Chapter 5 Online Test MCQs With Answers
Question # 1
In fixed base method, the base period should be.
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Far away
Normal
Un reliable
Abnormal
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Question # 2
Index number of the year text to the base year can be shown as
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Q
n
Q
on
Q
01
Q
oi
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Question # 3
The most suitable average for computing of index number is:
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A.M
G.M
Median
H.M
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Question # 4
Which is the most suitabel average in chain base method.
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Arithemetic mean
Median
Geometric mean
Weighted arithmetic mean
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Question # 5
Which of the followingindices satisfies both the time reversal and factor reversal tests.
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Fisher's method
Paasche's method
Laspeyres method
None of these
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Question # 6
Geometric mean is a suitable average in ______ method.
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Price index
Chanin bases
Quantity index
Index mean
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Question # 7
Value of commodity can be calculate by the formula
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P
o
x P
n
Price x volume
Price x quantity
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Question # 8
The index number are generally classified into ___________ types.
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Two
Four
Five
Three
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Question # 9
In the price relative, the given year price is divided by the _________.
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Base year price
Current year price
Previous year price
None of these
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Question # 10
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 # 11
The volume or quantity of goods are compared by
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Price index numbers
Relative index numbers
Volume index numbers
Paasche's index
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Question # 12
Laspeyres index number is also called as:
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Base year weight index number
Current year weight index number
Ideal index number
Fisher index number
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Question # 13
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 # 14
Index number are called:
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Mathematical barometer
Economic barometer
Statistical barometer
Both A and C
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Question # 15
If all values considered in calculating an index are of equal importance, the index is
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Weighted
Simple
Un weighted
None of these
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Question # 16
The changes in whole sale or retail price are studies in
Choose an answer
Price index numbers
Volume index numbers
Aggregate index numbers
Chain index numbers
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Question # 17
Which of the following indices satisfies both the time reversal and factor reveral tests.
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Laspeyres' index
Fisher's index
Paasche's index
Marshall -edge worth
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Question # 18
Link relataives can be obtained dividing Pn by
Choose an answer
Po
P n-1
qo
qn-1
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Question # 19
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.
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The values are multiplied together.
The largest values is found
The valeus are averaged
None of them
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Question # 20
Which of the following price indices are prepared by Federal Bureau of Statistics.
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Wholesale price index
Consumer price index
Sensitive price indicator
All of these
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Question # 21
Choose an answer
The Laspeyres index
The Paasches index
The value index
None of these
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Question # 22
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 # 23
When all the commodities are not of equal importance, the index numbers are called.
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Simple
Weighted
Value
Un weighted
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Question # 24
In a fixed base method which period is taken always 100
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Preceding
Following
Base
Current
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Question # 25
Commodities subject to considerable price variation should be best measured by
Choose an answer
Quantity index
Price index
Value index
None of these
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