Introduction to index numbers - class-XII
Description: introduction to index numbers | |
Number of Questions: 47 | |
Created by: Gagan Singh | |
Tags: business mathematics and statistics index numbers economics index number introduction to index number applied statistics maths business maths |
Index for base period is always taken as:
An index number that can serve many purposes is called:
_____ indicates the changes in monetary value
Price relatives are a percentage ratio of current year price and:
Index numbers are expressed in:
Why do we need an index number?
Index numbers can be used for:
How many types are used for the calculation of index numbers:
An index number is called a simple index when it is computed from:
Consumer price index indicates:
Purchasing power of money can be accessed through:
In constructing index number geometric mean relatives are:
Consumer price index numbers are obtained by:
Most commonly used index number is:
When the price of a year is. divided by the price of a particular year we get:
The current price of a soap is Rs 10. The base price is 4. Find price relative.
When the price of a divided by the price of the preceding year, we, get:
Cost of living at two different cities can be compared with the help of
If the price of potatoes is reduced by $25\%$, one can buy $6.25$ kg more for Rs. $100$. The reduced price of potatoes is
Fisher's Ideal Formula satisfies __________ test.
Indices calculated by the chain base method are free from:
The chain base indices are not suitable for:
In chain base method, the base period is:
Two hundred items were sold at a snack stand for a total of $Rs$. $130.00$. The only items sold were cansof pop for $Rs$. $0.50$ and bags of popcorn for $Rs$. $0.75$. How many of each item were sold?
For consumer price index, price quotations are collected from:
When the prices of rice are to be compared, we compute:
Price relatives computed by chain base method are called:
Another name of consumer's price index number is:
Consumer price index are obtained by:
Example of non dense index is
Index which has an entry for some of key value is classified as:
In multilevel indexes, primary index created for its first level is classified as
Construct the index number for 1991 taking 1990 as the base year from the following data by simple average of price relative method.
Commodity | A | B | C | D | E |
---|---|---|---|---|---|
Price in 1990 | 100 | 80 | 160 | 220 | 40 |
Price in1991 | 140 | 120 | 180 | 240 | 40 |
The current price of a soap is Rs 11. The base price is 3, find price relative.
A composite price index based on the prices of a group of items is known as the
Which of the following statement is incorrect?
In fixed base method, the base period should be:
If all the values are not of equal importance the index number is called:
A weighted aggregate price index where the weight for each item is its base period quantity is known as the
Index for base period is always taken as:
For the given data calculate cost of living index number. is?
Group | Food | Clothing | Fuel and lighting | House Rent | Miscellenious |
---|---|---|---|---|---|
I | $70$ | $90$ | $100$ | $60$ | $80$ |
W | $5$ | $3$ | $2$ | $4$ | $6$ |
An index number is called a simple index when it is computed from:
A quantity index that is designed to measure changes in physical volume or production levels of industrial goods over time is known as the
The CLI for the year 1996 and 1999 are $140$ and $200$ respectively.A person earns Rs $11200$ p.m in the year 1996.What should be his earnings in the year 1999 so as to maintain his former standard of living.
Find $y$,if cost of living index number is $200$
Group | Food | Clothing | Fuel and lighting | House rent | Miscellaneous |
---|---|---|---|---|---|
I | $180$ | $120$ | $160$ | $300$ | $200$ |
W | $4$ | $5$ | $3$ | $y$ | $2$ |
Calculate a price index for the following by using price relative method:
Commodity | A | B | C | D | E |
---|---|---|---|---|---|
Price in 1991 (in Rs) | 20 | 40 | 60 | 80 | 100 |
Price in 1992( in Rs) | 70 | 45 | 70 | 90 | 105 |
Construct an index for 1998 taking 1997 as base by average of Relatives:
Commodity | A | B | C | D | E |
---|---|---|---|---|---|
Price in 1997 | 5 | 4 | 8 | 11 | 2 |
Price in 1998 | 7 | 6 | 9 | 12 | 2 |