Top 150+ Solved Business Statistics MCQ Questions Answer
Q. play a very important part in the construction of index nos
a. weights
b. classes
c. estimations
d. none
Q. Index nos. show changes rather than absolute amounts of change.
a. Relative
b. Percentage
c. Both
d. None
Q. Index no. is equal to
a. sum of price relatives
b. average of the price relatives
c. product of price relative
d. none
Q. ____ is an extension of time reversal test
a. Factor Reversal test
b. Circular test
c. Both
d. None
Q. Weighted G.M. of relative formula satisfy test
a. Time Reversal Test
b. Circular test
c. Factor Reversal Test
d. None
Q. Factor Reversal test is satisfied by:
a. Fisher’s Ideal Index
b. Laspeyres Index
c. Paasches Index
d. None
Q. Laspeyre's formula does not obey:
a. Factor Reversal Test
b. Time Reversal Test
c. Circular Test
d. None
Q. A ratio or an average of ratios expressed as a percentage is called
a. a relative no
b. an absolute no.
c. an index no.
d. none
Q. The value at the base time period serves as the standard point of comparison
a. False
b. True
c. Both
d. None
Q. An index time series is a list of nos. for two or more periods of time
a. Index
b. Absolute
c. Relative
d. None