Index Numbers and their Construction

The most suitable _____ for index numbers is _____.

 The two types of price index numbers are:

 $\frac{\sum \mathrm{p}1\mathrm{q}1}{\sum \mathrm{p}0\mathrm{q}1 }\mathrm{x} 100$ is Laspeyre’s quantity index. 

 The Index number is specialised average.

The price relative is a price index that is determined by:

G.M between Laspeyre's and Passche's is called to be Fisher's index numbers.

The object of index numbers also determines its mean.

A simple aggregate _____ index is used to _____.

Fisher's method of calculating Index Number is the most ideal and complete method.

The index of Industrial Production tries to measure the quantities of goods.

Which are the two major price index used in india?

Read the following table carefully and give your comments on the index of industrial production.

The monthly per capita expenditure incurred by workers for an industrial centre during 1980 and 2005 on the following items are given below. Prepare a weighted index number for cost of living for 2005 with 1980 as the base.

In general, inflation is calculated by using

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

The impact of change in the price of a commodity with little weight in the index will be

In most of the weighted index numbers, the weight pertains to

An index number which accounts for the relative importance of the items is known as