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CA Foundation Index Numbers — practice questions — page 2

Explore 63 free Index Numbers questions in CA Foundation Quantitative Aptitude. Open each question or exercise to read its content, reference answers and available explanation.

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Index Numbers questions and exercises with answers

Showing questions 31–60 of 63.

Which of these is always excluded from the coverage of a CPI?Read the answer and worked solution →CPI weights written as percentages should sum to what total?Read the answer and worked solution →In a CPI series, the index reference period (base year) is set to what value?Read the answer and worked solution →Which Englishman first proposed the price basket index theory in 1822?Read the answer and worked solution →The Lowe index uses what kind of quantity weights?Read the answer and worked solution →A CPI may overstate living costs if consumers switch to cheaper goods, a flaw called what?Read the answer and worked solution →A cost-of-living index compares what?Read the answer and worked solution →The Economist's Big Mac Index is used to explore what?Read the answer and worked solution →Which of these is a stock market index?Read the answer and worked solution →Which economist introduced superlative indices in 1976?Read the answer and worked solution →The Marshall-Edgeworth index uses quantities of which kind?Read the answer and worked solution →An overall price relative should lie between which two values?Read the answer and worked solution →For a replaced item under link-to-show-no-change, what price relative is used?Read the answer and worked solution →A commodity cost Rs 40 in the base year and Rs 50 now. What is its price index?Read the answer and worked solution →A good sold at Rs 250 in the base year now sells at Rs 200. Index number?Read the answer and worked solution →Index (2010 = 100) is 125 for 2015. With 2015 as base, what is the 2010 index?Read the answer and worked solution →With 2010 as base, the index is 160 for 2018 and 200 for 2020. What is 2020 with 2018 as base?Read the answer and worked solution →Prices of A and B were Rs 2 and Rs 4, now Rs 3 and Rs 5. Base quantities were 10 and 5. Find the Laspeyres index.Read the answer and worked solution →Goods priced Rs 2 and Rs 4 earlier now cost Rs 3 and Rs 5; present quantities are 5 and 10. Paasche index?Read the answer and worked solution →Goods A and B went from Rs 2 and 4 to Rs 3 and 5. Quantities were 10 and 5, then 5 and 10. Marshall-Edgeworth?Read the answer and worked solution →If the Laspeyres index is 144 and the Paasche index is 100, what is the Fisher index?Read the answer and worked solution →Base prices of three goods are Rs 10, 20 and 30; current prices are Rs 12, 22 and 32. Find the Dutot index.Read the answer and worked solution →Two goods cost Rs 10 and Rs 30 in the base year and Rs 14 and Rs 38 now. Find the Dutot index.Read the answer and worked solution →Price relatives of three goods are 110, 130 and 150. What is the Carli index?Read the answer and worked solution →Good X rose from Rs 10 to Rs 12 and good Y from Rs 20 to Rs 30. Find the Carli index.Read the answer and worked solution →Prices of two goods became 2 times and 8 times their base values. What is the Jevons price ratio?Read the answer and worked solution →Price relatives 120 and 150 carry weights 3 and 2. What is the weighted average relative?Read the answer and worked solution →Weights 40 and 60 apply to price relatives 110 and 130. Weighted index?Read the answer and worked solution →Year-on-year price ratios are 1.10 and then 1.20. What is the chained index, base 100?Read the answer and worked solution →A worker earns Rs 7,200 when the CPI is 120 (base 100). What is the real wage?Read the answer and worked solution →

Worked practice questions

Which of these is always excluded from the coverage of a CPI?

  1. Rent paid by tenants
  2. Clothing purchases
  3. Spending on food
  4. Savings and investment
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Correct answer: D. Savings and investment

A CPI covers consumption spending, so savings and investment are left out.

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CPI weights written as percentages should sum to what total?

  1. 50
  2. 10
  3. 1000
  4. 100
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Correct answer: D. 100

Weights are shares of expenditure, so percentages add to 100 (or fractions to one).

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In a CPI series, the index reference period (base year) is set to what value?

  1. 100
  2. 1
  3. 0
  4. 1000
Show answer and solution

Correct answer: A. 100

Rescaling the series so the reference period equals 100 gives the base year.

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More Quantitative Aptitude topics

Time Value of MoneyProbabilityPermutations and CombinationsCorrelation and RegressionRatio and Proportion, Indices and LogarithmsSets, Relations and FunctionsMeasures of Central Tendency and DispersionStatistical Representation of Data and Sampling