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Calculate the price index number for the given data.
| Commodity | A | B |
| Price in 2020 (₹) | 20 | 30 |
| Price in 2021 (₹) | 40 | 40 |
Concept: undefined >> undefined
State with reason whether you agree or disagree with the following statement:
The quantity index number is one type of index number.
Concept: undefined >> undefined
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Give an economic term:
An index number measuring the general changes in the prices of goods over a period of time.
Concept: undefined >> undefined
Identify and explain the concept from the given illustration:
Mihir prepared the share price index number.
Concept: undefined >> undefined
Explain the meaning of the Price Index Number.
Concept: undefined >> undefined
Identify and explain the concept from the given illustration:
Pooja collected information regarding a change in the quantity of imports of India from 2019 to 2020 and prepared an index number.
Concept: undefined >> undefined
Explain the meaning and nature of public expenditure.
Concept: undefined >> undefined
When supply curve is upward-sloping, it’s slope is ______.
Concept: undefined >> undefined
Choose the correct pair :
| Group A | Group B | ||
| 1) | Price Index | a) |
`(sump1q1)/(sump0q0)xx100` |
| 2) | Value Index | b) | `(sumq1)/(sumq0)xx100` |
| 3) | Quantity Index | c) | `(sump1q1)/(sump0q1)xx100` |
| 4) | Paasche's Index | d) | `(sump1)/(sump0)xx100` |
Concept: undefined >> undefined
Give an economic term:
Deposits that are withdrawable on demand.
Concept: undefined >> undefined
State with reasons whether you agree or disagree with the following statement.
There are many types of index numbers.
Concept: undefined >> undefined
Observe the following table and answer the questions given below it:
| Commodities | Prices in 2006 (in ₹) (Base Year) P0 | Prices in 2006 (in ₹) (Current Year) P1 |
| A | 20 | 30 |
| B | 30 | 45 |
| C | 40 | 60 |
| D | 50 | 75 |
| E | 60 | 90 |
Questions:
- Write the formula for calculation of price index.
- Find the value of ∑P0 and ∑P1.
- Find the price index P01.
Concept: undefined >> undefined
Choose the correct pair :
| Group A | Group B | ||
| 1) | Price Index | a) | `(sump_1q_1)/(sump_0q_0) xx 100` |
| 2) | Value Index | b) | `(sumq_1)/(sumq_0) xx 100` |
| 3) | Quantity Index | c) | `(sump_1q_1)/(sump_0q_1) xx 100` |
| 4) | Paasche's Index | d) | `(sump_1)/(sump_0) xx 100` |
Concept: undefined >> undefined
Trends shown by Public expenditure of any Government shows following trend.
- Constant
- Increasing
- Decreasing
- Fluctuating
Concept: undefined >> undefined
In India budget is presented in the Parliament by the ............................................
(Prime Minister / Finance Minister / Chief Minister / Defence Minister)
Concept: undefined >> undefined
Explain the relationship between Total utility and Marginal utility.
Concept: undefined >> undefined
Explain the law of demand with its assumptions.
Concept: undefined >> undefined
Slicing method and Lumping method.
Concept: undefined >> undefined
Determination of equilibrium price under perfect competition.
Concept: undefined >> undefined
There are no exceptions to the law of supply.
Concept: undefined >> undefined
