Advertisements
Advertisements
Index number which is computed from a single variable called is a ______.
Concept: undefined >> undefined
Assertion (A): Index numbers are statistical devices.
Reasoning (R): Index numbers measure only changes in the price level over a period of time.
Concept: undefined >> undefined
Advertisements
Identify & explain the concept from the given illustration.
Bombay Stock Exchange has developed “Sensex” as a stock market index for reflecting the share prices of listed companies.
Concept: undefined >> undefined
Identify & explain the concept from the given illustration.
Agricultural Research Institute constructed an index number to measure changes in the production of raw cotton in Maharashtra during the period 2015-2020.
Concept: undefined >> undefined
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 |
Concept: undefined >> undefined
Identify the right group of pairs from the given options.
| Group A | Group B |
| i) Direct tax | a) Non-tax revenue |
| ii) Indirect tax | b) Inflation |
| iii) Fees and Fines | c) GST |
| iv) Surplus budget | d) Personal income tax |
| v) Deficit Budget | (e) Non-tax revenue |
Concept: undefined >> undefined
Assertion and reasoning question:
- Assertion (A): The index number considers all factors.
- Reasoning (R): The index number is based on samples.
Concept: undefined >> undefined
Explain the meaning of index number.
Concept: undefined >> undefined
State with reasons whether you agree or disagree with the following statement:
Index number measures changes in the price level only.
Concept: undefined >> undefined
Read the given passage and answer the questions:
|
Index Number is a technique of measuring changes in a variable or group of related variables with reference to time, geographical location and other characteristics. Index Number is very useful for economists, farmers, traders, government, educationalists and trade union leaders for planning and implementing the plans according to their sector. The scope of index number is not limited to only one subject but it extends to many subjects such as Economics, Educational science, Psychology, History, Sociology, Geography etc. While framing index number its objective must be determined. To attain the objective the information is collected in various ways and this information is used for comparing two different time periods. For this purpose, the base year’s index is assumed as 100 and accordingly the value of the current year is calculated. Laspeyre, Paasche and Fisher have suggested different methods for constructing index numbers. |
- Explain the meaning of Index Number.
- To whom the Index Number is useful?
- Express your opinion about the given passage.
Concept: undefined >> undefined
Choose the correct pair.
| Group A | Group B |
| 1) Price Index | a) `(sump_1q_1)/(sump_0q_0)xx100` |
| 2) Value Index | b) `(sumq_1)/(sumq_0)xx100` |
| 3) Quantity Index | c) `(sump_1q_1)/(sump_0q_1)xx100` |
| 4) Paasche's Index | d) `(sump_1)/(sump_0)xx100` |
Concept: undefined >> undefined
Choose the correct pair :
| Group A | Group B | ||
| 1) | Price Index | a) | `(sump_1q_1)/(sump_0q_0) xx100` |
| 2) | Value Index |
b) |
`(sumq_1)/(sumq_0) xx 100` |
| 3) | Quantity Index | c) | `(sump_1q_1)/(sump_0q_1) xx100` |
| 4) | Paasche's Index | d) | `(sump_1)/(sump_0) xx 100` |
Concept: undefined >> undefined
Obligatory functions of the Government :
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Concept: undefined >> undefined
The base year's index of a selected variable is assumed as ______.
Concept: undefined >> undefined
Find the odd word out:
Features of Index Number:
Concept: undefined >> undefined
Identify and explain the concept from the given illustration:
Alia borrowed money from a friend to buy machinery.
Concept: undefined >> undefined
Complete the correlation:
P0 : ______ : : P1 : Current year price.
Concept: undefined >> undefined
Optional functions of Government :
- Protection from external attack
- Provision of education and health services
- Provision of social security measures
- Collection of tax
Concept: undefined >> undefined
State with reason whether you agree or disagree with the following statement.
Obligatory function is the only function of the Government.
Concept: undefined >> undefined
Obligatory functions of the Government :
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Concept: undefined >> undefined
