WAH COLLEGE OF ACCOUNTANCY

QMS TEST
EACH QUESTION CARRY 2 MARKS

1-If = 11.33; = 33.56 and =2.832 then a is equal to: (a) 0.96 (b) 1.47 (c) 11.85 (d) 4.00
2-If a random sample of 9 observations yielded the values = 102, = 302, = 3583
2 = 1308 then the value of b is: (a) 1.47 (b) 2.831 (c) Cannot be determined (d) None of these
3-Limits of the co-efficient of Correlation are: (a) -1 to 0 (b) 0 to 1 (c) 1- to +1 (d) None of these
4-The lower and upper limits of 2 are: (a) -1 to + 1 (b) 0 to 1 (c) - to + (d) None of these
5-The index that uses quantities of base period as weights, so that only prices are
allowed to change, in calculating weighted price aggregate is known as: (a) Laspeyers Index
Number (b) Paasches Index Number (c) Fishers Index Number (d) None of these
6- If the quantities of current year are used to calculate weighted price aggregate,
the index number so calculated is called: (a) Laspeyers Index Number (b) Paasches Index
Number (c) Fishers Index Number (d) None of these
7-Commodities Price in 2002 Price in 2007 Quantity in 2002
A 140 220 40
B 120 180 25
C 80 110 60
laspeyre price index using 2002 as base is:
a-158.51 b-148.51 c-168.51
8- the per capita income has increased fromrs.450 in the year 2011 toRs.960 in 2015. Taking
base as 100 in 2011 the CPI in 2015 stood at 160. Real per capita income and purchasing power
of money in 2015 is a-0.625,600 b-0.635,700 c-600,0.625
9- The two regression lines obtained in a correlation analysis are:
5x = 6y + 24 and 1000y = 768x 3708
Determine bxy; byx and the correlation coefficient r.
a-1.2,0.768,0.96 b-0.96,0.768,1.2 c-1.2,0.96,0.768
10-Sohrab & Company increased the wages of its workers by 20% during the year 2006, whereas, the
consumer price index changed from 240 to 270. the increase / decrease in real wages is:
a-6.68% b-6.98% c-7.68%
11- two lines of regression from the following data:
r = 0.68, = 68, = 52, Sx = 5.12, Sy = 5.6 are
a-y=0.18x+1.68 and x=0.62y+35.76
b-y=0.62x+1.68 and x=0.74y+1.68
c-y=0.74x+1.68 and x=0.62+35.76
12- Five students were given following marks in a general knowledge competition by two
different judges:
Student Name Ali Adil Asif Ahmed Ayub
Marks given by Judge A 70 92 80 65 70
Marks given by Judge B 54 43 43 67 64
The Spearmans Rank Correlation Coefficient is a-.85 b- -.65 c- -0.85