Stats Multiple choice from past papersBy: Prof. Dr. Fazal Rehman | Last updated: May 21, 2025 12 Score: 0 Attempted: 0/12 Subscribe 1. : If all values are considered equal in calculating an index, the index is (A) simple (B) weighted (C) un-weighted (D) None of these 2. : Which price indices is made by Federal Bureau of statistics? (A) Consumer price index (B) Sensitive price index (C) The whole seller price index (D) All of the above 3. : The weighted average of the relative price index is the same as __________ when the base year values are used as weights. (A) The Laspeyres’s index (B) The Paasche’s index (C) Fisher’s index (D) none of these 4. : Which method of making consumer price index number is the Laspeyres’s index number? (A) Family budget method (B) Aggregate expenditure method (C) both a and b (D) none of these 5. : Commodities whose price changes can be measured by a (A) Value index (B) Price index (C) Quantity index (D) none of these 6. : The consumer price index number is also known as (A) The cost of living index number (B) The wholesale price index number (C) The retail price index number (D) both a and b 7. : In quantity index __________ weights are used. (A) prices (B) Average of quantities (C) percentage of total quantities (D) None of these 8. : _________ indices has downward bias. (A) Paasche’s index (B) Laspeyres’s Index (C) Marshall-edgeworth index (D) None of these 9. : In a price index ___________ weights are used. (A) prices (B) quantities (C) percentage of total quantities (D) None of these 10. : When computing a weighted index which method uses quantities consumed in the current period. (A) Paasche’s index (B) Laspeyres’s Index (C) Marshall-edgeworth index (D) None of these 11. : In the construction of composite index, the best average used is __________ (A) median (B) arithmetic mean (C) G.M (D) H.M 12. : When computing a weighted index which method uses quantities consumed in the base period. (A) Paasche’s index (B) Laspeyres’s Index (C) Marshall-edgeworth index (D) None of these Related Posts:Stats multiple choice from books chapterStats MCQs from past papersStats MCQs from books chapterBio Multiple Choice Questions from Past papersdatabase multiple choice questions DB-MCQS 5MCQS Chemistry - Multiple choice questions - test - exam