Index NumbersPYQ Nov 18Question 3781 of 167

Which of the following statement is true?

APaasche's Index Number is based on the base year quantity

BFisher's Index Number is the Arithmetic Mean of Laspeyre's Index Number and Paasche's Index Number

CArithmetic Mean is the most appropriate average for constructing the index number

DFisher's Index Number is an Ideal Index Number

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Correct Answer

✅ Option d — Fisher's Index Number is an Ideal Index Number

APaasche's Index Number is based on the base year quantity
BFisher's Index Number is the Arithmetic Mean of Laspeyre's Index Number and Paasche's Index Number
CArithmetic Mean is the most appropriate average for constructing the index number
DFisher's Index Number is an Ideal Index Number

Paper

Paper 3: Quantitative Aptitude

Weightage

4-6 Marks

Key Topics

Construction of Index Numbers, Time Series

This chapter covers Construction of Index Numbers, Time Series and is part of Paper 3: Quantitative Aptitude in the CA Foundation exam.

Exam Strategy Tip

This topic carries 4-6 Marks weightage. Focus on understanding core concepts rather than memorizing.

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