Index NumbersMTP Nov 21Question 3843 of 167
All Questions

Which is called an ideal index number

Options

ALaspeyres Index number
BPaasches Index number
CFishers Index number
DMarshall- Edgeworth Index number
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Correct Answer

✅ Option b — Paasches Index number

All Options:

  • ALaspeyres Index number
  • BPaasches Index number
  • CFishers Index number
  • DMarshall- Edgeworth Index number

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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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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