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Question
Choose the correct alternative:
Most commonly used index number is:
Options
Volume index number
Value index number
Price index number
Simple index number
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Solution
Price index number
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| Year | Commodity: A | Commodity: B | Commodity: C | |||
| Price (Rs.) | Quantity (kg) | Price (Rs.) | Quantity (kg) | Price (Rs.) | Quantity (kg) | |
| 1996 | 5 | 10 | 8 | 6 | 6 | 3 |
| 1999 | 4 | 12 | 7 | 7 | 5 | 4 |
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| Base Year | Current Year | Base Year | Current Year | |
| Wheat | 6 | 10 | 50 | 56 |
| Ghee | 2 | 2 | 100 | 120 |
| Firewood | 4 | 6 | 60 | 60 |
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| Cloth | 8 | 12 | 40 | 36 |
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| Price(2010) | 150 | 50 | 100 | 20 | 60 |
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