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State whether the following statement is True or False: The three types of Index numbers arei. Price Index Numberii. Quantity Index Numberiii. Value Index Number - Mathematics and Statistics

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प्रश्न

State whether the following statement is True or False:

The three types of Index numbers are
i. Price Index Number
ii. Quantity Index Number
iii. Value Index Number

विकल्प

  • True

  • False

MCQ
सत्य या असत्य

उत्तर

True

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अध्याय 2.5: Index Numbers - Q.3

संबंधित प्रश्न

Choose the correct alternative :

Quantity Index Number by Simple Aggregate Method is given by


Quantity Index Number by Weighted Aggregate Method is given by ______.


Choose the correct alternative :

Value Index Number by Weighted Aggregate Method is given by


Fill in the blank :

Value Index Number by Simple Aggregate Method is given by _______.


Solve the following problem :

Find the Price Index Number using Simple Aggregate Method. Consider 1980 as base year.

Commodity Price in 1980 (in ₹) Price in 1985 (in ₹)
I 22 46
II 38 36
III 20 28
IV 18 44
V 12 16

Solve the following problem :

Find the Value Index Number using Simple Aggregate Method.

Commodity Base Year Current Year
  Price Quantity Price Quantity
I 20 42 22 45
II 35 60 40 58
III 50 22 55 24
IV 60 56 70 62
V 25 40 30 41

Choose the correct alternative:

`(sum"p"_1"q"_1"w")/(sum"p"_0"q"_0"w") xx 100` gives


Find Price Index Number using Simple Aggregate method by taking 2005 as base year.

Commodity P Q R S T
Price in 2005 (in ₹) 10 25 14 20 30
Price in 2015 (in ₹) 32 40 20 45 70

Calculate Value Index Number for the following using Simple Aggregate Method

Commodity Base Year Current Year
Price Quantity Price  Quantity
A 30 13 40 15
B 40 15 70 20
C 10 12 60 22
D 50 10 90 18
E 20 14 100 16

Calculate Quantity Index Number using Simple Aggregate method

Commodity I II III IV V
Base year Quantity 140 120 100 200 225
Current year Quantity 100 80 70 150 185

Find x if the Price Index Number by Simple Aggregate Method is 125

Commodity P Q R S T
Base Year Price (in ₹) 10 8 12 24 18
Current Year Price (in ₹) 14 10 x 28 22

Find values x and y if the Price Index Number by Simple Aggregate Method by taking 2001 as base year is 120, given `sum"p"_1` = 300.

Commodity A B C D
Price (in ₹) in 2001 90 x 90 30
Price (in ₹) in 2004 95 60 y 35

Find x from following data if the Value Index Number is 200.

Commodity Base Year Current Year
Prive Quantity Price Quantity
A 10 10 20 10
B 8 20 22 15
C 2 x 8 10
D 9 10 16 10
E 5 6 3 10

Choose the correct pair:

Group A Group B
1) Price Index a) `(sump_1q_1)/(sump_0 q_0) × 100`
2) Value Index b) `(sumq_1)/(sumq_0) × 100`
3) Quantity Index c) `(sump_1q_1)/(sump_0 q_1) × 100`
4) Paasche's Index d) `(sump_1)/(sump_0) × 100`

Calculate the price index number for the given data.

Commodity A B
Price in 2020 (₹) 20 30
Price in 2021 (₹) 40 40

State with reason whether you agree or disagree with the following statement:

The quantity index number is one type of index number.


Give an economic term:

An index number measuring the general changes in the prices of goods over a period of time.


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