Index Numbers MCQs set 1 for the preparation of FPSC Statistical Officer . We have prepared Statics MCQs on Index Numberss with Answers which will help you in online preparation of Lecturers, Statistical Officers and other stats related jobs .
Statistics MCQs on Index Numbers
1. A simple index number is a number that measures a relative change in ____ ?
(A) group of variable with respect to a base
(B) single variable with respect to a base
(C) Both A & B
(D) None of the above.
2. A composite index number is a number that measures an average relative change ___?
(A) in single variable
(B) in a group of relative variables with respect to a base
(C) in prices of commodities
(D) Both A & B
(E) None of the Above
3. Price Index Numbers measures the changes in?
(A) relative changes in prices of commodities between two periods
(B) Physical quantity of goods produced
(C) single variable
(D) None of the Above..
4. In Price Index Numbers prices can either be ?
(A) Retail
(B) wholesale
(C) Both A & B
(D) None of the above.
5. How many methods are there to construct index numbers?
(A) one
(B) two
(C) three
(D) All are the part of Statistical Table.
6. Which of the following is method of constructing Index Numbers ?
(A) Aggregative Method
(B) Relative Method
(C) Both A & B
(D) None of the Above..
7. Aggregative method is further divided into how many types ?
(A) one
(B) two
(C) three
(D) None of the Above.
8. Relative Method is further divided into how many types?
(A) One
(B) two
(C) None of the above
(D) All of the Above.
9. Paasche's Formula is the type of ______?
(A) Weighted Aggregative Formula
(B) Weighted Average Relative
(C) Both A & B
(D) None of te Above.
10. Index Numbers may be categorized in terms of ___?
(A) variables
(B) constants
(C) numbers
(D) All of the Above
Answers to Measures of Index Numbers MCQs
1. B
2. B
3. A
4. C
5. B
6. B
7. B
8. B
9. A
10. A
