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प्रश्न
State the uses of Index Number
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उत्तर
The uses of Index number are as given below:
(1) Index number is an important tool for formulating decision and management p policies.
(2) It helps in studying the trends and tendencies.
(3) It determines the inflation and deflation in an Economy.
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संबंधित प्रश्न
Statements that are incorrect in relation to index numbers:
- An index number is a geographical tool.
- Index numbers measure changes in air pressure.
- Index numbers measure relative changes in an economic variable.
- Index numbers are specialized averages.
Explain the features of index numbers.
Index number was originally developed to measure ______.
Assertion (A): Index numbers are statistical devices.
Reasoning (R): Index numbers measure only changes in the price level over a period of time.
Explain Paasche’s price index number
Define family budget method
Construct the cost of living Index number for 2015 on the basis of 2012 from the following data using family budget method.
| Commodity | Price | Weights | |
| 2012 | 2015 | ||
| Rice | 250 | 280 | 10 |
| Wheat | 70 | 85 | 5 |
| Corn | 150 | 170 | 6 |
| Oil | 25 | 35 | 4 |
| Dhal | 85 | 90 | 3 |
Choose the correct alternative:
Laspeyre’s index = 110, Paasche’s index = 108, then Fisher’s Ideal index is equal to:
Choose the correct alternative:
Cost of living at two different cities can be compared with the help of
State with reasons whether you agree or disagree with the following statement:
Index number measures changes in the price level only.
