Monthly salary of an employee was $10,000$ in the year $2010$ and it was increased to $22,000$ in the year $2023$ while the consumer price index number is $250$ in year $2023$ with the base year $2010$, what should be his salary in comparison of consumer price index in the year $2023$ salary?

The correct answer is Option a: $2,000$. MTP June 24 Series II

Index NumbersMTP June 24 Series IIQuestion 3931 of 187

Monthly salary of an employee was $\displaystyle 10,000$ in the year $\displaystyle 2010$ and it was increased to $\displaystyle 22,000$ in the year $\displaystyle 2023$ while the consumer price index number is $\displaystyle 250$ in year $\displaystyle 2023$ with the base year $\displaystyle 2010$ , what should be his salary in comparison of consumer price index in the year $\displaystyle 2023$ salary?

\displaystyle 2,000

\displaystyle 16,000

\displaystyle 24,000

DNone of these

For any discrepancies in this question, email contact@cadada.in

✅ Option a — $\displaystyle 2,000$

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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