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Index Numbers

Question

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Give a table showing broad industrial groupings and their weights.

Solution

Broad Industrial groupings and their weights:

Broad Groups	Weight in percentage	Index No. in May 2005
Mining and	10.47	155.2
quarrying
Manufacturing	79.36	222.7
Electricity	10.17	196.7
General index	------	213.0

Some More Questions From Index Numbers Chapter

The item having the highest weight in consumer price index for industrial workers is:

In general, inflation is calculated by using:

The item having the highest weight in consumer’s price index for industrial workers is:

consumer price index measures changes in:

The wholesale price index.

D.A. paid to the workers is based on:

Why do we need an index number?

Why is it essential to have different CPIs for different categories of consumers?

What does a consumer price index for industrial workers measure?

What is the difference between a price index and a quantity index?

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