Index NumbersMTP Apr 21Question 3904 of 167

The cost of living index numbers in years $2015$ and $2021$ were $97.5$ and $115$ respectively. The salary of a worker in $2015$ was $19,500$. How much additional salary is required for him in $2021$ to maintain living standard of $2015$?

A$3000$

B$2800$

C$3500$

D$4500$

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Correct Answer

✅ Option d — $4500$

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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