Index NumbersPYQ June 22Question 3807 of 167
All Questions

Which one of the following is not appropriate for calculation of index number?

Options

AUnit test
BPrice relative test
CCircular test
DTime reversal test
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Correct Answer

✅ Option b — Price relative test

All Options:

  • AUnit test
  • BPrice relative test
  • CCircular test
  • DTime reversal test

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.

Related Comparison Tables

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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