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The index number for 1985 to the base 1980 is 500 and for 1980 to the base 1985 is 20. The given indices satisfy

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Important Questions on Index Numbers

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The geometric mean of Laspeyre’s and Paasche’s price indices is also known as
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Calculate the simple aggregative price Index from the following data p1=360, p0=290.
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The index number for 1985 to the base 1980 is 125 and for 1980 to the base 1985 is 80. The given indices satisfy
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Calculate Fisher’s ideal index method for the following data.(Answer up to two decimal values)

Commodity 2000 2001
Price Quantity Price Quantity
A 20 10 25 13
B 50 8 60 7
C 35 7 40 6
D 25 5 35 4
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Calculate Paasche’s price index for the following data by taking 2000 as a base year.(Answer up to two decimal values)

Commodity 2000 2001
Price Quantity Price Quantity
A 2 7 3 5
B 5 11 6 10
C 3 14 5 11
D 4 16 4 18
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Calculate Paasche’s price index form the following data p1q0=1185p0q0=970p0q1=920 and p1q1=11245.

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The Dorbish-Bowley’s price index is the
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The condition for the time reversal test to hold good with usual notation is
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Calculate Fisher’s ideal index method for the following data, taking 2000 as base year(Answer up to two decimal values)

Commodity 2000 2001
Price Quantity Price Quantity
A 2 7 3 5
B 5 11 6 10
C 3 14 5 11
D 4 16 4 18
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The Dorbish-Bowley’s price index is the
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Compute price index taking 2006 as base year  for the following data by applying weighted average of price relative method using geometric mean.(Answer up to one decimal value)

Item Price Rs in 2006 Price Rs in 2007 quantity
A 2 2.5 40
B 3 3.25 20
C 1.5 1.75 10

 

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Compute price index taking 2006 as base year for the following data by applying weighted average of price relative method using arithmetic mean.(Answer up to two decimal values)

Item Price Rs in 2006 Price Rs in 2007 quantity
A 2 2.5 40
B 3 3.25 20
C 1.5 1.75 10

 

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Calculate Laspeyre’s price index from the following data p1q0=200p0q0=160p0q1=103 and p1q1=130.

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Calculate Laspeyre’s price index for the following data by taking 2000 as a base year.(Answer up to two decimal values)

Commodity 2000 2001
Price Quantity Price Quantity
A 20 10 25 13
B 50 8 60 7
C 35 7 40 6
D 25 5 35 4
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The index that satisfies factor reversal test is
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Calculate Laspeyre’s price index from the following data p1q0=1185p0q0=970p0q1=920 and p1q1=11245.

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If Laspeyre’s price index is 324 and Paasche’s price index is 144 then Fisher’s ideal index is
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The geometric mean of Laspeyre’s and Paasche’s price indices is also known as
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Calculate Paasche’s price index form the following data p1q0=200p0q0=160p0q1=103 and p1q1=130.

EASY

Compute price index taking 2006 as base year for the following data by applying weighted average of price relative method using arithmetic mean.(Answer up to two decimal values)

Item Price Rs in 2006 Price Rs in 2007 quantity
A 2 3.5 50
B 3 3.25 20
C 1.5 1.75 10