statistics MCQs – Page 66

Practise multiple-choice questions from statistics for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

1302. The Laspeyres price index_____________?
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A. Regards the base year quantities as fixed

B. non of these

C. Regards the current year quantities as fixed

D. Regards the base year price as fixed

1304. Qon means _________ for the given year?
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A. Commodity

B. Quantity Index

C. Price

D. Quantity in current

1305. Base year quantities are used as weights in _______________?
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A. Fishers index

B. None of these

C. Laspeyres index

D. Paasches index

1306. Volume Index in Marshall is ____________?
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A. ?Pn(qo + qn)/?Pn

B. ?Pn(Po + Pn)/?Pn(Po + Pn) x100

C. ?Pn(Po + Pn)/?Pn(Po + Pn)

D. Non of these

1307. A simple aggregate price index_____________?
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A. Ignores relative quantities

B. Compares absolute prices to absolute quantities

C. Compares relative quantities to relative prices

D. Compares relative quantities

1309. An Index number which measure the change of a _____ is called Aggregative 1. No?
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A. Industrial activity

B. Goods consumed

C. Cost of living

D. Retail price

1310. An Index Number calculated for more than one items is called ___________?
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A. Consumer Index Number

B. Sensitive Price Index number

C. Simple Aggregation 1. Number

D. Chain Indices

1311. In Chain base method, the base period is ________________?
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A. Change

B. None of these

C. Constant

D. Fixed

1312. In CPI household budget method also known as:_____________?
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A. All of above

B. Average of weights

C. Weighted average of relatives

D. Simple average of relatives

1313. Which of the formula is used in chain indices: ________________?
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A. ?pn/?po x100

B. pn/po x100

C. pn/pn-1 x100

D. Both (a) and (b) but not (c)

1314. An index number is used______________?
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A. To measure changes in a variable over time

B. To measure changes in quantity

C. To measure changes in price

D. To measure changes in demand

1315. The formula ?pnqn/poqn x100 is used to calculate?
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A. The Laspeyres price index

B. The Paasche quantity index

C. The Paasche price index

D. The Laspeyres quantity index

1316. The formula ?poqn/?poqo x100 is used to calculate_______________?
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A. The Laspeyres quantity index

B. The Laspeyres price index

C. The Paasche price index

D. The Paasche quantity index

1317. The weighty system changed with _______________?
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A. Basely

B. Yearly

C. Averagely

D. Timely
1318. Link relative = ________________?
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A. Pn/ Pn-1 x100

B. Pn/P1 x 100

C. Pn/Po x 100

D. Pn/Po x 100

1320. A scaling factor is used to_________________?
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A. Convert the Paasche index to a Laspeyres index

B. Change the base year

C. Change a simple index to a weight index

D. change an aggregate index to a weighted index