Index NumbersMTP June 2023 Series IIQuestion 3855 of 167

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

ACircular test

BTime reversal test

CFactor reversal test

DBoth b and c

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Correct Answer

✅ Option c — Factor reversal test

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.

Exam Strategy Tip

This topic carries 4-6 Marks weightage. Focus on understanding core concepts rather than memorizing.

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