Index NumbersPYQ Dec 21Question 3800 of 167
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Index numbers are not helpful in

Options

AFraming economics policies
BRevealing trend
CForecasting
DIdentifying errors
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Correct Answer

✅ Option d — Identifying errors

All Options:

  • AFraming economics policies
  • BRevealing trend
  • CForecasting
  • DIdentifying errors

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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The number of test of Adequacy is:

$P_{01}$ is the index for time

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