The post is about the MCQs Index Numbers Quiz. There are 20 multiple-choice questions covering the basics of index numbers, weighted index numbers, price index numbers, chain base methods, and price relatives. Let us start with the MCQs Index Numbers Quiz.

Multiple Choice Questions about Index Number. The test about Index Numbers for the preparation of FPSC Statistical Officer will help you in online preparation for the post of Lecturers, Statistical Officers, and other statistics related jobs.

### Online MCQs Index Numbers Quiz

- Express the following average weekly wages as index numbers with base 1998.
- If the index for 2003 were to be 116 and the RPI 204, express the index for 2003 at constant 1998 prices.
- If the average wages index for 2003 at constant 1998 prices were to be 96, which of the following comments would be correct?
- The following table shows the index of prices (1995=100) for a certain commodity over the period 1995-2000:It has been decided to rebase the index so that 2005=100. The index for 2003 will now be nearest to
- The following table shows the index of prices (1995=100) for a certain commodity over the period 1995-2000: The percentage increase in the price between 2002 and 2004 is nearest to
- Price relative = $\frac{?}{p_0}\times$
- The index for the base period is always taken as
- In the fixed base method, the base period should be
- Commodities subject to considerable price variations can best be measured by a
- In the chain base method, the base period is
- The chaining process used to make a comparison of the index numbers is
- Price relatives computed for the chain base method are called
- In index numbers ———- can be used as the average
- The most suitable average for index numbers is
- If all the items are given equal weights the index number is called
- If all values are not of equal importance the index number is called
- Which index number may be weighted
- Index numbers computed by considering the relative importance of variables are called
- The weights used in the price index are
- Weighted price index numbers include

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