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Model Paper 1 — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsModel Paper 11 Mark
MCQ
Paasche's index number is expressed in terms of:
  • ✓
    $\frac{\sum P_n q_n}{\sum P_o q_n}$
  • B
    $\frac{\sum P_o q_o}{\sum P_n q_o}$
  • C
    $\frac{\sum P_n q_o}{\sum P_o q_o} \times 100$
  • D
    $\frac{\sum P_{n q n}}{\sum P_o q_n}$
✓

Answer

Correct option: A.
$\frac{\sum P_n q_n}{\sum P_o q_n}$
(a) $\frac{\sum P_n q_n}{\sum P_o q_n}$
Explanation: A weighted aggregative price index using current period quantities as weights is known as Paasche's price index. It is calculated as follow: $P_{01}=\frac{\sum P_n q_n}{\sum P_{o q_n}}$

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