+91-8076753736 [email protected]

-->

Index Numbers

Question

Wired Faculty App

Calculate the simple aggrevative price index number with the help of following.

Commodity

Base Period Price (Rs.) P₀

Current Period Price (Rs.) P₁

A

2

4

B

5

6

C

4

5

D

2

3

Solution

Commodity	Base Period Price (Rs.) P₀	Current Period Price (Rs.) P₁
A	2	4
B	5	6
C	4	5
D	2	3
	Σ Po = 13	ΣP1 = 18

Some More Questions From Index Numbers Chapter

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?

Is the change in any price reflected in price index number?

Mock Test Series

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation