Stats Multiple choice from past papers

By: Prof. Dr. Fazal Rehman | Last updated: May 21, 2025

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