MCQ
Simple aggregate of quantities is a type of
- ✓Quantity indices
- BQuantity control
- CBoth Quality control and Quantity Indices
- DPrice control
✓
Answer
Correct option: A.
Quantity indices
(a) Quantity indices
Explanation: Quantity indices is a type of Simple aggregate of quantities. This index number measures the changes in the level of quantities of items consumed, or produced, or distributed during a year understudy with reference to another year known as the base year. Like the price index number, the simplest formula of this index number is as follows:
$ Q_{01}=\left(q_1 / q_0\right) \times 100 $
Where, $Q _{01}=$ quantity index number of the current year on the basis of the base year's quantity.
Explanation: Quantity indices is a type of Simple aggregate of quantities. This index number measures the changes in the level of quantities of items consumed, or produced, or distributed during a year understudy with reference to another year known as the base year. Like the price index number, the simplest formula of this index number is as follows:
$ Q_{01}=\left(q_1 / q_0\right) \times 100 $
Where, $Q _{01}=$ quantity index number of the current year on the basis of the base year's quantity.
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