Index NumbersMTP Nov 18Question 3824 of 187
All Questions

Fishers' Ideal Index number is

Options

AThe median of Laspyre's and Paasche's Index numbers
BThe Arithmetic mean of Laspyres and Paasche's Index numbers
CThe geometric mean of Laspyres and Paasche's Index Numbers
DNone of these
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Correct Answer

✅ Option C — The geometric mean of Laspyres and Paasche's Index Numbers

All Options:

  • AThe median of Laspyre's and Paasche's Index numbers
  • BThe Arithmetic mean of Laspyres and Paasche's Index numbers
  • CThe geometric mean of Laspyres and Paasche's Index Numbers ✓
  • DNone of these

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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Fisher's Ideal Price Index is defined as the _________ of the Laspeyres and the Paasche's Index.

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