Index NumbersMTP May 18Question 3896 of 167

The index number of prices at a place in $2008$ is $355$ with $2003$ as base. This means

AThere has been on the average a $255\%$ increase in price.

BThere has been on the average a $355\%$ increase in price.

CThere has been on the average a $250\%$ increase in price.

DNone of these.

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Correct Answer

✅ Option b — There has been on the average a $355\%$ increase in price.

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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