Index NumbersMTP Nov 21Question 3906 of 167
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If the price of a commodity in a place have decreased by $30\%$ over the based period places, then the index number of that place is

Options

A$30$
B$60$
C$70$
D$80$
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Correct Answer

✅ Option a — $30$

All Options:

  • A$30$
  • B$60$
  • C$70$
  • D$80$

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.

Key Concepts to Understand

Index Number

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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