Same chapter3 marksDifficulty: Medium
Distinguish between Laspeyres' and Paasche's price index.
Index Numbers and Moving Averages
2 marksDifficulty: Easy
What is an index number? State one of its uses.
Original Khojo Papers practice question — not from a past board paper.
Answer
An index number is a statistical measure that shows the change in the value of a variable or a group of variables over time, relative to a chosen base period taken as 100. Index numbers are used to measure changes in the cost of living and in industrial production.
No citable source has been recorded for this record. Treat it as practice material, not as fact.
Explanation
They are sometimes called economic barometers.
Related questions
From the same topic and chapter, at a similar level.
Same chapter3 marksDifficulty: Medium
Calculate the three-yearly moving averages for the series 2, 4, 6, 8, 10.
Index Numbers and Moving Averages
Same chapter3 marksDifficulty: Medium
The prices of four commodities in the base year total ₹200 and in the current year ₹250. Find the simple aggregate price index.
Index Numbers and Moving Averages
Same chapter3 marksDifficulty: Medium
What is a moving average and why is it used?
Index Numbers and Moving Averages
Same subject2 marksDifficulty: Easy
If A = {1, 2} and B = {a, b}, write A × B and state the number of relations from A to B.
Relations and Functions
Same subject2 marksDifficulty: Easy
Convert 150° into radians and 3π/4 radians into degrees.
Trigonometric Functions