MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 37 Mcqs, each offering curated multiple-choice questions to sharpen your Statistics knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
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) |
| Answer» D. Both (a) and (b) but not (c) | |
| 2. |
Weighted Index number can be classified into _________ categories? |
| A. | Four |
| B. | Three |
| C. | Five |
| D. | Two |
| Answer» E. | |
| 3. |
Volume Index in Marshall is ____________? |
| A. | ∑Pn(Po + Pn)/∑Pn(Po + Pn) |
| B. | ∑Pn(qo + qn)/∑Pn |
| C. | ∑Pn(Po + Pn)/∑Pn(Po + Pn) x100 |
| D. | Non of these |
| Answer» D. Non of these | |
| 4. |
Volume index in Marshall is _______________? |
| A. | ∑pn(Po + Pn)/ ∑pn (Po + Pn) |
| B. | ∑qn(qo + qn)/∑qn(po + pn) x100 |
| C. | ∑pn(qo + qn)/∑pn |
| D. | ∑qn(Po + Pn)/ ∑qo (Po + Pn) x100 |
| Answer» E. | |
| 5. |
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. | Laspeyres Price Index |
| B. | Financial time Index |
| C. | Paasche Price Index |
| D. | Retail Price Index |
| Answer» D. Retail Price Index | |
| 6. |
The weighty system changed with _______________? |
| A. | Yearly |
| B. | Basely |
| C. | Timely |
| D. | Averagely |
| Answer» D. Averagely | |
| 7. |
The ratio of a new price to the base year price is called the___________? |
| A. | Price decrease |
| B. | Price absolute |
| C. | Price increase |
| D. | Price relative |
| Answer» E. | |
| 8. |
The object of Index number also determines its _______________? |
| A. | Index Number |
| B. | Special purpose |
| C. | Reliable |
| D. | Scope |
| Answer» E. | |
| 9. |
The Laspeyres price index_____________? |
| A. | Regards the base year quantities as fixed |
| B. | Regards the base year price as fixed |
| C. | Regards the current year quantities as fixed |
| D. | non of these |
| Answer» B. Regards the base year price as fixed | |
| 10. |
The Laspeyres and Paasche index are examples of_________________? |
| A. | Aggregate index numbers |
| B. | Weighted index numbers |
| C. | Weighted price index only |
| D. | Weighted quantity index only |
| Answer» C. Weighted price index only | |
| 11. |
The index numbers are used to measure seasonal and cyclical variations in __________? |
| A. | Commodities |
| B. | Time Series |
| C. | Whole sale |
| D. | Realtives |
| Answer» C. Whole sale | |
| 12. |
The Index number are used to measure seasonal and cyclical variations in ____________? |
| A. | Wholesale |
| B. | Relatives |
| C. | commodities |
| D. | Time series |
| Answer» E. | |
| 13. |
The index number of base period is always:_______________? |
| A. | 100 |
| B. | 200 |
| C. | The price of that year |
| D. | None of these |
| Answer» B. 200 | |
| 14. |
The formula ∑poqn/∑poqo x100 is used to calculate_______________? |
| A. | The Laspeyres price index |
| B. | The Paasche quantity index |
| C. | The Laspeyres quantity index |
| D. | The Paasche price index |
| Answer» D. The Paasche price index | |
| 15. |
The formula ∑pnqn/poqn x100 is used to calculate? |
| A. | The Laspeyres price index |
| B. | The Paasche price index |
| C. | The Paasche quantity index |
| D. | The Laspeyres quantity index |
| Answer» D. The Laspeyres quantity index | |
| 16. |
Ratio between given year and base year is called __________ in percentage? |
| A. | Price relative |
| B. | Link relative |
| C. | Retail prices |
| D. | None of these |
| Answer» B. Link relative | |
| 17. |
Qon means _________ for the given year? |
| A. | Price |
| B. | Commodity |
| C. | Quantity in current |
| D. | Quantity Index |
| Answer» E. | |
| 18. |
Price in proceeding year used in the method is called __________? |
| A. | Fixed Method |
| B. | Chain Method |
| C. | Aggregation Method |
| D. | Volume |
| Answer» C. Aggregation Method | |
| 19. |
Paasche’s Index number is ______________? |
| A. | ∑pnqo/∑poqo |
| B. | ∑pnqo/∑pnqo x100 |
| C. | ∑pnqn/∑poqo |
| D. | ∑pnqn/∑poqn x100 |
| Answer» B. ∑pnqo/∑pnqo x100 | |
| 20. |
Measure the change in quantity of goods are called ________________? |
| A. | Simple 1. No. |
| B. | Aggregative 1. No. |
| C. | Appropriate |
| D. | Quantity Index Number |
| Answer» E. | |
| 21. |
Link relative = ________________? |
| A. | Pn/Po x 100 |
| B. | Pn/Po x 100 |
| C. | Pn/ Pn-1 x100 |
| D. | Pn/P1 x 100 |
| Answer» D. Pn/P1 x 100 | |
| 22. |
Index Number is an important role in the field of Economic and ________________? |
| A. | Science |
| B. | Education |
| C. | Intelligence |
| D. | Business |
| Answer» E. | |
| 23. |
In Chain base method, the base period is ________________? |
| A. | Fixed |
| B. | Constant |
| C. | Change |
| D. | None of these |
| Answer» D. None of these | |
| 24. |
G.M. between __________ is called to be Fisher’s Index Number? |
| A. | Paasche’s Index Number |
| B. | Marshall and Laspeyr’es |
| C. | Laspeyre’s and Paasche’s |
| D. | Fisher and Paasche’s |
| Answer» D. Fisher and Paasche’s | |
| 25. |
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 |
| Answer» C. Both (a) and (b) | |
| 26. |
Consumer price Index Number also called _________ is designed to measure changes? |
| A. | Cost Living Index number |
| B. | Whole Sale Index number |
| C. | weighted Index Number |
| D. | Consumer Index Number |
| Answer» B. Whole Sale Index number | |
| 27. |
Base year quantities are used as weights in _______________? |
| A. | Laspeyre’s index |
| B. | Paasche’s index |
| C. | Fisher’s index |
| D. | None of these |
| Answer» B. Paasche’s index | |
| 28. |
Average calculated used in index number by __________ method? |
| A. | Three |
| B. | Two |
| C. | Four |
| D. | One |
| Answer» B. Two | |
| 29. |
An Index number which measure the change of a _____ is called Aggregative 1. No? |
| A. | Industrial activity |
| B. | Retail price |
| C. | Cost of living |
| D. | Goods consumed |
| Answer» D. Goods consumed | |
| 30. |
An Index number of an average quality of wheat in Lahore__________ Index? |
| A. | Volume Index Number |
| B. | value Index Number |
| C. | Quantity Index Number |
| D. | Weighted Index Number |
| Answer» D. Weighted Index Number | |
| 31. |
An index number is used______________? |
| A. | To measure changes in quantity |
| B. | To measure changes in price |
| C. | To measure changes in a variable over time |
| D. | To measure changes in demand |
| Answer» D. To measure changes in demand | |
| 32. |
An Index Number calculated for more than one items is called ___________? |
| A. | Sensitive Price Index number |
| B. | Consumer Index Number |
| C. | Simple Aggregation 1. Number |
| D. | Chain Indices |
| Answer» D. Chain Indices | |
| 33. |
All Index numbers are not suitable for all _________________? |
| A. | Kind |
| B. | Chain relative |
| C. | Purpose |
| D. | Price |
| Answer» D. Price | |
| 34. |
A simple aggregate price index_____________? |
| A. | Ignores relative quantities |
| B. | Compares relative quantities to relative prices |
| C. | Compares absolute prices to absolute quantities |
| D. | Compares relative quantities |
| Answer» B. Compares relative quantities to relative prices | |
| 35. |
A simple aggregate quantity index is used to______________? |
| A. | Measure the change in quantity of 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 price of a product |
| Answer» C. Measure the overall change in quantity of range of product. | |
| 36. |
A scaling factor is used to_________________? |
| A. | Change a simple index to a weight index |
| B. | Convert the Paasche index to a Laspeyres index |
| C. | Change the base year |
| D. | change an aggregate index to a weighted index |
| Answer» D. change an aggregate index to a weighted index | |
| 37. |
1. Nos. is a ____ for measuring changes in a variable or a group of related variables? |
| A. | variable |
| B. | Region of goods |
| C. | Device |
| D. | Cost |
| Answer» D. Cost | |