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Solve the Following Question.(2 Marks)

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29 questions · self-marked practice — reveal the answer and mark yourself.

Question 12 Marks
Find the Quantity Index Number using Simple Aggregate Method.
CommodityBased year quantityCurrent year quantity
A100130
B170200
C210250
D90110
E50150
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Question 22 Marks
Given that $\sum p_0q_0 = 130, \sum p_1q_1 = 140, \sum p_0q_1 = 160$, and $\sum p_1q_0 = 200$, find Laspeyare’s, Passche’s, Dorbish-Bowely’s and Mashall-Edegeworth’s Price Inbox Numbers.
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Question 32 Marks
If $\sum p_0q_0 = 120, \sum p_0q_1 = 160, \sum p_1q_1 = 140$, and $\sum p_1q_0 = 200$ find Laspeyre’s, Paasche’s, Dorbish-Bowley’s, and Marshall-Edgeworth’s Price Index Numbers.
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Question 42 Marks
Find the price Index Number using simple Aggregate Method Consider 1980 as base year.
CommodityPrice in 1980 (in Rs.)Price in 1985 (in Rs.)
I2246
II3836
III2028
IV1844
V1216
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Question 52 Marks
The cost of living Index numbers for years 1995 and 1999 are 140 and 200 respectively. A person earns ₹ 11,200 per month in the year 1995. What should be his monthly earning in the year 1999 in order to maintain his standard of living as in the year 1995?
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Question 62 Marks
Find y if the cost of living index is 200
GroupFoodClothingFuel & LightingHouse RentMiscellaneous
I180120160300200
W453y2
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Question 72 Marks
Calculate the cost of living index.
GroupFoodClothingFuel & LightingHouse RentMiscellaneous
I180120300100160
W456x3
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Question 82 Marks
Calculate the cost of living index.
Group Food Clothing Fuel & Lighting House Rent Miscellaneous
I 200 150 120 180 160
W 30 20 10 40 50
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Question 92 Marks
Calculate the cost of living index.
GroupFoodClothingFuel & LightingHouse RentMiscellaneous
I400300150120100
W33452
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Question 102 Marks
Calculate the cost of living index.
GroupFoodClothingFuel & LightingHouse RentMiscellaneous
I70901006080
W53246
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Question 112 Marks
Calculate the cost of living index.
GroupBase YearBase YearCurrent Year
PriceQuantityPrice
Food13210170
Clothing15412160
Fuel & Lighting16420180
House Rent17518195
Miscellaneous1285120
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Question 122 Marks
Calculate the cost of living index.
GroupBase YearBase YearCurrent Year
PriceQuantityPrice
Food401545
Clothing301035
Fuel & Lighting201725
House Rent602270
Miscellaneous702580
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Question 132 Marks
Calculate the cost of living index.
GroupBase YearCurrent Year
PriceQuantityPrice
Food12015170
Clothing15020190
Fuel & Lighting13030220
House Rent16010180
Miscellaneous20012200
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Question 142 Marks
Find x in the following table if Laspeyres and Paasche’s Price Index Numbers are equal.
CommodityBase YearCurrent Year
PriceQuantityPriceQuantity
A21025
B25x2
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Question 152 Marks
Given that $\sum p_0q_0 = 220, \sum p_0q_1 = 380, \sum p_1q_1 = 350$ is Marshall-Edgeworth’s Price Index Number is $150$, find Laspeyre’s Price Index Number.
Answer
$\begin{aligned} & \Sigma p_0 q_0=220, \Sigma p_0 q_1=380, \Sigma p_1 q_1=350 \\ & p_{01}( M - E )=150 \\ & \frac{\sum p_1 q_0+\sum p_1 q_1}{\sum p_0 q_0+\sum p_0 q_1} \times 100=150 \\ & \therefore \frac{\sum p_1 q_0+350}{220+380} \times 100=150 \\ & \therefore \quad \sum p_1 q_0+350=\frac{150 \times 600}{100} \\ & \therefore \quad \Sigma p_1 q_0+350=900 \\ & \therefore \quad \Sigma p_1 q_0=900-350 \\ & \therefore \quad \sum p_1 q_0=550 \\ & \therefore \quad p _{01}(L)=\frac{\sum p_1 q_0}{\sum p_0 q_0} \times 100 \\ & =\frac{550}{220} \times 100 \\ & =250 \\ & \end{aligned}$
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Question 162 Marks
If Laspeyre’s Price Index Number is four times Paasche’s Price Index Number, then find the relation between Dorbish-Bowley’s and Fisher’s Price Index Numbers.
Answer
$
\begin{aligned}
& \text { Given } p_{01}(L)=4 \cdot p_{01}(P) \\
& \text { Now } p_{01}( D - B )=\frac{p_{01}(L)+p_{01}(P)}{2} \\
& =4 p_{01}(p)+4 p_{01}(P) \\
&
\end{aligned}
$
$
p_{01}( D - B )=\frac{5^{\circ} p_{01}(P)}{2}
$
$
\text { Also, } \begin{aligned}
p_{01}(F) & =\sqrt{p_{01}(L) \times p_{01}(P)} \\
& =\sqrt{4 \cdot p_{01}(P) \times p_{01}(P)} \\
p_{01}(F) & =2 \cdot p_{01}(P) \\
& =\frac{2 \times 2 \times p_{01}(D-B)}{5} \quad \text { by (i) } \\
5 \cdot p_{01}(F) & =4 \cdot p_{01}( D - B )
\end{aligned}
$
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Question 172 Marks
Find the Quantity Index Number using the Simple Aggregate Method.
CommodityABCDE
Base Year Quantities360280340160260
Current Year Quantities440320470210300
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Question 182 Marks
Find the Quantity Index Number using the Simple Aggregate Method.
CommodityIIIIIIIVV
Base year quantities140120100200220
Current year quantities1008070150185
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Question 192 Marks
Find the Price Index Number using the Simple Aggregate Method.
Use 2005 as a year in the following problem.
VEGETABLEUNITPRICE (IN RS.) IN 2005PRICE (IN RS.) IN 2012
LADIES FINGERKG3238
CAPSICUMKG3036
BRINJALKG4060
TOMATOKG40162
POTATOKG1828
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Question 202 Marks
Find the Price Index Number using the Simple Aggregate Method.
Assume 2000 to be a base year in the following problem.
FruitUnitPrice (in Rs.) in 2000Price (in Rs.) in 2007
Mangodoz250300
Bananadoz1224
Applekg80110
Peachkg7590
Orangedoz3365
Sweet Limedoz3045
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Question 212 Marks
Find the Price Index Number using the Simple Aggregate Method.
Use 1990 as the base year in the following problem.
CommodityUnitPrice (in Rs.) for 1990Price
(in Rs.) for 1997
Butterkg2133
Cheesekg3036
Milklitre2529
Breadloaf1014
Eggsdoz2436
Gheetin250320
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Question 222 Marks
Find the Price Index Number using the Simple Aggregate Method.
Use 2000 as the base year in the following problem.
CommodityPrice (in Rs.) for year 2000Price (in Rs.) for year 2006
Watch9001475
Shoes18002300
Sunglasses6001040
Mobile45008500
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Question 232 Marks
Find the Price Index Number using the Simple Aggregate Method.
COMMODITYUNITBASE YEAR PRICE (IN RS.)CURRENT YEAR PRICE (IN RS.)
WHEATKG2836
RICEKG4056
MILKLITRE3245
CLOTHINGMETER82104
FUELLITRE5872
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Question 242 Marks
Find the Price Index Number using the Simple Aggregate Method.
Use 1995 as the base year in the following problem.
CommodityABCDE
Price (in Rs.) in 199542305870120
Price (in Rs.) in 2005605575110140
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Question 252 Marks
Find the value Index Number using the Simple Aggregate Method.
Find y is the Price Index Number by Simple Aggregate Method is 120, taking 1995 as the base year.
CommodityABCD
Price (in Rs.) for 199595y8035
Price (in Rs.) for 2003116749242
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Question 262 Marks
Find the value Index Number using the Simple Aggregate Method.
Find x if the Price Index Number by Simple Aggregate Method is 125
CommodityPQRST
Base Year Price (in Rs.)812162218
Current Year Price (in Rs.)1218x2822
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Question 272 Marks
Find the value Index Number using the Simple Aggregate Method.
COMMODITYBASE YEARCURRENT YEAR
PRICEQUANTITYPRICEQUANTITY
A50227014
B70169022
C601910514
D1201214015
E1002215528
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Question 282 Marks
Find the value Index Number using the Simple Aggregate Method.
COMMODITY BASE YEAR CURRENT YEAR
PRICEQUANTITYPRICEQUANTITY
A30224018
B40156012
C10381524
D50126016
E20282536
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Question 292 Marks
Find the Price Index Number using the Simple Aggregate Method.
Use 1995 as the base year in the following problem.
COMMODITYPQRST
PRICE ( IN RS. ) IN 19951520242328
PRICE (IN RS.) IN 20002738324045
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