INDEX NUMBERS

I am also called as Volume Index Number, Who am I?

• Price Index Number

• Quantity Index Number

• Value Index Number

• Special Purpose Index Numbers

Current Year is always considered as 100

• True

• False

Do you think you can use concept of Index no. to measure changes happening around you ,using the formula ?

• Yes

• No

• Maybe

Find odd man out

• Price Index Number

• Quantity Index Number

• Value Index Number

• Index Number

Base year for Price Index Number Is denoted as

• P0

• P1

• P0Q0

• P1Q1

How did you find this lecture, Share your honest views 👍

Suffix for Current year is

• 0

• 1

• 2

• 3

'0' is the suffix for

(a)  

P0Q0 denotes

• Price of Base year

• Quantity of Base Year

• Value of Base year

• None of the above

Do you think Index Numbers are useful while making the budget?

• Yes

• No

• Maybe