Choose the correct pair: Group A Group B A. Price Index (a) `(sump_1q_1)/(sump_0q_0) xx 100` B. Value Index (b) `(sumq_1)/(sumq_0) xx 100` C. Quantity Index (c) `(sump_1q_1)/(sump_0q_1) xx 100` D. Paasche's Index (d) `(sump_1)/(sump_0) xx 100`

Choose the correct pair: Group A Group B A. Price Index (a) ∑p1q1∑p0q0×100 B. Value Index (b) ∑q1∑q0×100 C. Quantity Index (c) ∑p1q1∑p0q1×100 D. Paasche's Index (d) ∑p1∑p0×100 - Economics

Question

Choose the correct pair:

Group A	Group B
A. Price Index	(a) $\frac{\sum p_{1} q_{1}}{\sum p_{0} q_{0}} \times 100$
B. Value Index	(b) $\frac{\sum q_{1}}{\sum q_{0}} \times 100$
C. Quantity Index	(c) $\frac{\sum p_{1} q_{1}}{\sum p_{0} q_{1}} \times 100$
D. Paasche's Index	(d) $\frac{\sum p_{1}}{\sum p_{0}} \times 100$

Options

A - (d), B - (c), C - (a), D - (b)
A - (d), B - (a), C - (b), D - (c)
A - (b), B - (c), C - (d), D - (a)
A - (c), B - (d), C - (a), D - (b)

MCQ

Match the Columns

Solution

A - (d), B - (a), C - (b), D - (c)

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Types of Index Numbers

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Q 1.A.iv Q 1.A.iii Q 1.A.v

2024-2025 (March) Model set 1 by shaalaa.com

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Q 1.A.iv | 1 mark

RELATED QUESTIONS

Distinguish between:

Price Index and Quantity Index.

Choose the correct alternative :

Price Index Number by Simple Aggregate Method is given by

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

Fill in the blank :

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

Fill in the blank :

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

Fill in the blank :

Price Index Number by Weighted Aggregate Method is given by _______.

Fill in the blank :

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

State whether the following is True or False :

$\frac{\sum p_{1}}{\sum p_{0}} \times 100$ is the price Index Number by Simple Aggregate Method.

$\sum \frac{p_{0} q_{0}}{p_{1} q_{1}} \times 100$ is Value Index Number by Simple Aggregate Method.

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

Explain the types of index numbers.

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

Price Index Number by Weighted Aggregate Method is given by ______

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

State whether the following statement is True or False:

$\sum \frac{q_{1}}{q_{0}} \times 100$ is the Quantity Index Number by Simple Aggregate Method

State whether the following statement is True or False:

$\sum \frac{P_{1} q_{1}}{p_{0} q_{0}} \times 100$ is the Value Index Number by Simple Aggregate Method

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

Find Quantity Index Number using Simple Aggregate method

Commodity	A	B	C	D	E
Base year Quantity	170	150	100	195	205
Current year Quantity	90	70	75	150	95

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 Price Index Number using Simple Aggregate method by taking 2000 as base year

Commodity	Price (in ₹) for year 2000	Price (in ₹) for year 2007
Watch	900	1,475
Shoes	1,760	2,300
Sunglasses	60	1,040
Mobile	4,500	8,500

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
Commodity	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

The Price Index Number for year 2004, with respect to year 2000 as base year. is known to be 130. Find the missing numbers in the following table if ∑p₀ = 320

Commodity	A	B	C	D	E	F
Price (in ₹) in 2000	40	50	30	x	60	100
Price (in ₹) in 2000	50	70	30	85	y	115

Choose the correct pair :

Group A	Group B
1) Price Index	a) $\frac{\sum p_{1} q_{1}}{\sum p_{0} q_{0}} \times 100$
2) Value Index	b) $\frac{\sum q_{1}}{\sum q_{0}} \times 100$
3) Quantity Index	c) $\frac{\sum p_{1} q_{1}}{\sum p_{0} q_{1}} \times 100$
4) Paasche's Index	d) $\frac{\sum p_{1}}{\sum p_{0}} \times 100$

Choose the correct pair:

Group A	Group B
1) Price Index	a) $\frac{\sum p_{1} q_{1}}{\sum p_{0} q_{0}} \times 100$
2) Value Index	b) $\frac{\sum q_{1}}{\sum q_{0}} \times 100$
3) Quantity Index	c) $\frac{\sum p_{1} q_{1}}{\sum p_{0} q_{1}} \times 100$
4) Paasche's Index	d) $\frac{\sum p_{1}}{\sum p_{0}} \times 100$

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.

Explain the meaning of the Price Index Number.

State with reasons whether you agree or disagree with the following statement.

There are many types of index numbers.

Observe the following table and answer the questions given below it:

Commodities	Prices in 2006 (in ₹) (Base Year) P₀	Prices in 2006 (in ₹) (Current Year) P₁
A	20	30
B	30	45
C	40	60
D	50	75
E	60	90

Questions:

Write the formula for calculation of price index.
Find the value of ∑P₀ and ∑P₁.
Find the price index P₀₁.

Choose the correct pair:

	Group A		Group B
1)	Price Index	a)	$\frac{\sum p_{1} q_{1}}{\sum p_{0} q_{0}} \times 100$
2)	Value Index	b)	$\frac{\sum q_{1}}{\sum q_{0}} \times 100$
3)	Quantity Index	c)	$\frac{\sum p_{1} q_{1}}{\sum p_{0} q_{1}} \times 100$
4)	Paasche's Index	d)	$\frac{\sum p_{1}}{\sum p_{0}} \times 100$

Choose the correct pair: Group A Group B A. Price Index (a) ∑p1q1∑p0q0×100 B. Value Index (b) ∑q1∑q0×100 C. Quantity Index (c) ∑p1q1∑p0q1×100 D. Paasche's Index (d) ∑p1∑p0×100 - Economics

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Choose the correct pair: Group A Group B A. Price Index (a) ∑p1q1∑p0q0×100 B. Value Index (b) ∑q1∑q0×100 C. Quantity Index (c) ∑p1q1∑p0q1×100 D. Paasche's Index (d) ∑p1∑p0×100 - Economics

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