Index NumbersPYQ Nov. 20Question 3793 of 167
All Questions

Fisher's ideal index number does not satisfy

Options

ACircular
BTime reversal
CFactor reversal
DUnit
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Correct Answer

✅ Option a — Circular

All Options:

  • ACircular
  • BTime reversal
  • CFactor reversal
  • DUnit

About This Chapter: Index Numbers

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.

View Official ICAI Syllabus

Exam Strategy Tip

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

Key Concepts to Understand

Index Number

A statistical device for measuring changes in the magnitude of a group of related variables (like prices or production) over time.

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Cardinal vs Ordinal Utility: Measuring Satisfaction

More Questions from Index Numbers

The number of tests of Adequacy

Fishers' Ideal Index number is

Time reversal and factor reversal are:

A series of numerical figures which show the relative position is called

The number of test of Adequacy is:

$P_{01}$ is the index for time

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