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#### Updated Statistics MCQs – New Index Number ( Statistics ) MCQs

This post is comprising of latest ” ** ( Statistics )** **MCQs – Latest Competitive MCQs **“. Here you’ll get latest Statistics mcqs for written test, interview with answers. If you want to improve your knowledge regarding Statistics then read these mcqs of Design of Steel Structures.

#### Latest Statistics MCQs

By practicing these MCQs of **Index Number ( Statistics ) MCQs – Latest Competitive MCQs **, an individual for exams performs better than before. This post comprising of objective questions and answers related to **“**Index Number ( Statistics ) Mcqs **“.** As wise people believe “Perfect Practice make a Man Perfect”. It is therefore practice these mcqs of Statistics to approach the success. Tab this page to check **“Index Number ( Statistics )”** for the preparation of **competitive mcqs, FPSC mcqs, PPSC mcqs, SPSC mcqs, KPPSC mcqs, AJKPSC mcqs, BPSC mcqs, NTS mcqs, PTS mcqs, OTS mcqs, Atomic Energy mcqs, Pak Army mcqs, Pak Navy mcqs, CTS mcqs, ETEA mcqs** and others.

**Latest** **Index Number ( Statistics )** Mcqs

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**Index Number ( Statistics )****Past papers of**

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**Index Number ( Statistics )****Mcqs. The Important series of**

**Index Number ( Statistics )****Mcqs are given below:**

**Index Number ( Statistics )****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