# Stats Multiple choice from past papers

## Stats Multiple choice from past papers

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

C

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

D

3. The weighted average of the relative price index is the same as __________ when the base year values are used as weights.

A. The laspeyer’s index
B, The Paasche’s index
C. Fisher’s index
D. none of these

A

4. Which method of making consumer price index number is the laspeyer’s index number?

A. Family budget method
B. Aggregate expenditure method
C. both a and b
D. none of these

C

5.commodities whose price changes can be measured by a

A. Value index
B. Price index
C. Quantity index
D. none of these

B

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

D

7. In quantity index __________ weights are used.

A. prices
B. Average of quantities
C. percentage of total quantities
D. None of these

A

8. _________ indices has downward bias.

A. Paasche’s index
B. Laspeyer’s Index
C. Marshall-edgeworth index
D. None of these

B

9. In a price index ___________ weights are used.

A. prices
B. quantities
C. percentage of total quantities
D. None of these

B

10. When computing a weighted index which method uses quantities consumed in the current period.

A. Paasche’s index
B. Laspeyer’s Index
C. Marshall-edgeworth index
D. None of these

A

11. In the construction of composite index, best average used is ____________

A. median
B. arithmetic mean
C G.M
D. H.M