Index NumbersPYQ Dec 23Question 3890 of 167

The gross monthly pay of an employee was $15,000$ in a year $2020$. The consumer price index number in $2023$ is $155$ with $2020$ as base year. If employee is to rightly compensate what dearness allowance is required to be paid?

A$8,000$

B$8,250$

C$8,500$

D$8,750$

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Correct Answer

✅ Option b — $8,250$

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.

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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