Page 69 - VIRANSH COACHING CLASSES

Q. 2. Complete the Correlation : 4) Calculate Laaspeyre's and Paasche's index from
1) Price Index : Inflation :: : Agricultural the given data :
production Base Year Current Year
p
2) : Base year prices :: 1 : Current year Commodity Price Quantity Price Quantity
prices X 8 30 12 25
3) Laaspeyre's index : :: Paasche's index Y 10 42 20 16
: Current year quantities
4) : Single variable :: Composite index : Q. 4. Distinguish between :
Group of variables 1) Simple Index Numbers and Weighted Index

Q. 3. Solve the following : Numbers.
1) Calculate Price Index number from the given 2) Price Index and Quantity Index.
data : 3) Laaspeyre's Index and Paasche's Index.
Commodity A B C D Q. 5. State with resons whether you agree or
Price in 2005 (`) 6 16 24 4 disagree with the following statements :
Price in 2010 (`) 8 18 28 6
1) Index numbers measure changes in the price
2) Calculate Quantity Index number from the given level only.
data : 2) Index numbers are free from limitations.
Commodity P Q R S T
Base year quantities 170 150 100 195 205 3) Index numbers can be constructed without the
Current year quantities 90 70 75 150 95 base year.
3) Calculate Value Index number from the given Q. 6. Answer the following :
data : 1) Explain the features of index numbers.
Base Year Current Year 2) Explain the significance of index numbers in
Commodity
Price Quantity Price Quantity economics
A 40 15 70 20
B 10 12 60 22 Q. 7. Answer in detail :
C 50 10 90 18 1) Explain the steps involved in the construction of
D 20 14 100 16 index numbers.
E 30 13 40 15
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