Question

The CPI (1982 = 100) is Rs. 526 i Jan 2005. Calculate the equivalent of a rupe in Jan. 2005.

Solution

quivalent of a rupee =
It means that Rel in Jan., 2005 was worth 19 paise in 1982. In other worths 19 paise in 1982 is worth Rs. 1 in 2005. There is 526 times rise in p

Some More Questions From Index Numbers Chapter

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.

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Index Numbers

The CPI (1982 = 100) is Rs. 526 i Jan 2005. Calculate the equivalent of a rupe in Jan. 2005.

Some More Questions From Index Numbers Chapter

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?

Can the CPI for urban non-manual employees represent the changes in the cost of living of the President of India?

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