Updated Statistics MCQs – New Index Number ( Statistics ) MCQs
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Latest Statistics MCQs
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Latest Index Number ( Statistics ) Mcqs
The most occurred mcqs of Index Number ( Statistics ) in past papers. Past papers of Index Number ( Statistics ) Mcqs. Past papers of Index Number ( Statistics ) Mcqs . Mcqs are the necessary part of any competitive / job related exams. The Mcqs having specific numbers in any written test. It is therefore everyone have to learn / remember the related Index Number ( Statistics ) Mcqs. The Important series of Index Number ( Statistics ) Mcqs are given below:
The formula ∑pnqn/poqn x100 is used to calculate?
A. The Paasche price index
B. The Laspeyres price index
C. The Paasche quantity index
D. The Laspeyres quantity index
The Laspeyres price index_____________?
A. Regards the base year quantities as fixed
B. Regards the current year quantities as fixed
C. Regards the base year price as fixed
D. none of these
This index measure the change from month to month in the cost of a representative ‘basket’ of goods and services of the type bought by a typical household?
A. Financial time Index
B. Laspeyres Price Index
C. Paasche Price Index
D. Retail Price Index
A simple aggregate quantity index is used to______________?
A. Measure the change in price of a product
B. Measure the overall change in price of a range of products
C. Measure the overall change in quantity of range of product.
D. Measure the change in quantity of product
An index number is used______________?
A. To measure changes in price
B. To measure changes in quantity
C. To measure changes in a variable over time
D. To measure changes in demand
Fisher’s ideal index number is also obtained by _______________?
A. Taking A.M. of Laspeyre’s and Paasche’s index
B. Taking G.M. of Laspeyre’s and Paasche’s index
C. Both (a) and (b)
D. None of these
Base year quantities are used as weights in _______________?
A. Laspeyre’s index
B. Fisher’s index
C. Paasche’s index
D. None of these
Volume index in Marshall is _______________?
A. ∑pn(qo + qn)/∑pn
B. ∑qn(qo + qn)/∑qn(po + pn) x100
C. ∑pn(Po + Pn)/ ∑pn (Po + Pn)
D. ∑qn(Po + Pn)/ ∑qo (Po + Pn) x100
The Index number are used to measure seasonal and cyclical variations in ____________?
A. Relatives
B. Wholesale
C. commodities
D. Time series
Statistical Interference MCQs
The weighty system changed with _______________?
A. Basely
B. Yearly
C. Timely
D. Averagely
Link relative = ________________?
A. Pn/Po x 100
B. Pn/Po x 100
C. Pn/ Pn-1 x100
D. Pn/P1 x 100
Single number which shows ___________ changes in a phenomenon is called an Index Number?
A. Overall
B. Variation
C. Same
D. Capable
An Index number which measure the change of a _____ is called Aggregative 1. No?
A. Industrial activity
B. Goods consumed
C. Cost of living
D. Retail price
The object of Index number also determines its _______________?
A. Reliable
B. Special purpose
C. Index Number
D. Scope
Average calculated used in index number by __________ method?
A. Three
B. Four
C. Two
D. One
G.M. between __________ is called to be Fisher’s Index Number?
A. Marshall and Laspeyr’es
B. Paasche’s Index Number
C. Laspeyre’s and Paasche’s
D. Fisher and Paasche’s
An Index number of an average quality of wheat in Lahore__________ Index?
A. value Index Number
B. Volume Index Number
C. Quantity Index Number
D. Weighted Index Number
Consumer price Index Number also called _________ is designed to measure changes?
A. Cost Living Index number
B. weighted Index Number
C. Whole Sale Index number
D. Consumer Index Number
All Index numbers are not suitable for all _________________?
A. Chain relative
B. Kind
C. Purpose
D. Price
A scaling factor is used to_________________?
A. Convert the Paasche index to a Laspeyres index
B. Change a simple index to a weight index
C. Change the base year
D. change an aggregate index to a weighted index
The formula ∑poqn/∑poqo x100 is used to calculate_______________?
A. The Paasche quantity index
B. The Laspeyres price index
C. The Laspeyres quantity index
D. The Paasche price index
Linear Regression MCQs
The Laspeyres and Paasche index are examples of_________________?
A. Weighted price index only
B. Weighted index numbers
C. Aggregate index numbers
D. Weighted quantity index only
A simple aggregate price index_____________?
A. Ignores relative quantities
B. Compares relative quantities
C. Compares absolute prices to absolute quantities
D. Compares relative quantities to relative prices
The ratio of a new price to the base year price is called the___________?
A. Price absolute
B. Price decrease
C. Price increase
D. Price relative
The index number of base period is always:_______________?
A. 100
B. The price of that year
C. 200
D. None of these
Which of the formula is used in chain indices: ________________?
A. pn/po x100
B. ∑pn/∑po x100
C. pn/pn-1 x100
D. Both (a) and (b) but not (c)
Paasche’s Index number is ______________?
A. ∑pnqo/∑poqo
B. ∑pnqn/∑poqo
C. ∑pnqo/∑pnqo x100
D. ∑pnqn/∑poqn x100
Link relative = ________________?
A. Pn/pn-1 x100
B. Pn/Po x100
C. Pn/Po x10
D. None of these
In Chain base method, the base period is ________________?
A. Constant
B. Fixed
C. Change
D. None of these
Volume Index in Marshall is ____________?
A. ∑Pn(qo + qn)/∑Pn
B. ∑Pn(Po + Pn)/∑Pn(Po + Pn)
C. ∑Pn(Po + Pn)/∑Pn(Po + Pn) x100
D. Non of these
Qon means _________ for the given year?
A. Commodity
B. Price
C. Quantity in current
D. Quantity Index
Index Number is an important role in the field of Economic and ________________?
A. Education
B. Science
C. Intelligence
D. Business
1. Nos. is a ____ for measuring changes in a variable or a group of related variables?
A. Region of goods
B. variable
C. Device
D. Cost
Probability MCQs
Measure the change in quantity of goods are called ________________?
A. Aggregative 1. No.
B. Simple 1. No.
C. Appropriate
D. Quantity Index Number
Price in proceeding year used in the method is called __________?
A. Aggregation Method
B. Chain Method
C. Fixed Method
D. Volume
Weighted Index number can be classified into _________ categories?
A. Three
B. Four
C. Five
D. Two
Ratio between given year and base year is called __________ in percentage?
A. Price relative
B. Retail prices
C. Link relative
D. None of these
An Index Number calculated for more than one items is called ___________?
A. Consumer Index Number
B. Sensitive Price Index number
C. Simple Aggregation 1. Number
D. Chain Indices
The index numbers are used to measure seasonal and cyclical variations in __________?
A. Whole sale
B. Time Series
C. Commodities
D. Realtives