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प्रश्न
State the test of adequacy of index number
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उत्तर
Index numbers are studied to know the relative changes in price and quantity for any two years compared.
There are two tests which are used to test the adequacy of an index number.
The two tests are as follows:
(i) Time Reversal Test
(ii) Factory Reversal Test
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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.
Construct Quantity index number from the given data:
| Commodity | A | B | C | D | E |
| Base year quantities | 170 | 150 | 100 | 195 | 205 |
| Current year quantities | 90 | 70 | 75 | 150 | 95 |
Define Laspeyre’s price index number
Define true value ratio
State the uses of cost of Living Index Number
Choose the correct alternative:
Which of the following Index number satisfy the time reversal test?
Choose the correct alternative:
While computing a weighted index, the current period quantities are used in the:
Find the odd word out:
Features of Index Number:
Complete the correlation:
P0 : ______ : : P1 : Current year price.
