Advertisements
Advertisements
Question
State whether the following statement is True or False:
`sum("q"_1)/("q"_0) xx 100` is the Quantity Index Number by Simple Aggregate Method
Options
True
False
Solution
False
APPEARS IN
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 ______.
Choose the correct alternative :
Value 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 :
Quantity Index Number by Weighted Aggregate Method is given by _______.
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
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
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 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) `(sum p_1q_1)/(sum p_0q_0) xx 100` |
| 2) Value Index | b) `(sum q_1)/(sum q_0) xx 100` |
| 3) Quantity Index | c) `(sum p_1q_1)/(sum p_0 q_1) xx 100` |
| 4) Paasche's Index | d) `(sum p_1)/(sum p_0) xx 100` |
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` |
Identify and explain the concept from the given illustration:
Mihir prepared the share price index number.
Explain the meaning of the Price Index Number.
