Index NumbersMCQMTP June 2023 Series IIQuestion 3855 of 197
All Questions

Which test should be considered necessarily to verify the consistency while we select an appropriate index formula

Options

ACircular test
BTime reversal test
CFactor reversal test
DBoth b and c
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option dBoth b and c

All Options:

  • ACircular test
  • BTime reversal test
  • CFactor reversal test
  • DBoth b and c

Ad

Detailed Solution & Explanation

To verify the consistency of index number formulas, both the **Time Reversal Test** and the **Factor Reversal Test** are considered necessary consistency tests. Hence, **Option D** is the correct answer.

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.

Related Comparison Tables

More Questions from Index Numbers

Ready to Master Index Numbers?

Practice all 197 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free