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 The index numbers are generally classified into ------------- types two Four five Three
2 Price of commodity in current year can be represented as P<sub>oi</sub> P<sub>on</sub> P<sub>n</sub> P<sub>i</sub>
3 Index number of the year text to the base year can be shown as Q<sub>n</sub> Q<sub>on</sub> Q<sub>01</sub> Q<sub>oi</sub>
4 Value of commodity can be calculate by the formula P<sub>o</sub> x P<sub>n</sub> Price x volume <br> Price x quantity
5 While dealing with price we use ----------------- as weights Quantity Quality Volume Both (b) and (c)
6 Importance of commodity is its Quantity Quality Weight Price
7 Paasche's index is also called Consumer price index Current year price Simple index Cost of consumption
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