Applied Mathematics

Time Based Data

Easy

applied

The price index of sugar in 2019 compared to 2016 is 120. If the cost of sugar was Rs.25 per kg in 2016 then the cost in 2019 is:

Rs.30 per kg

Rs.35 per kg

Rs.40 per kg

Rs.42 per kg

✅ Correct Option: 1

Price index 120 means current price is 120% of base price. Cost in 2019 $= 25 \times 1.20 =$ Rs. 30 per kg.

2023: 30 May Shift 3

Match List - I with List - II.

Given that $\Sigma p_0 q_0 = 150$ , $\Sigma p_0 q_1 = 80$ , $\Sigma p_1 q_0 = 240$ , $\Sigma p_1 q_1 = 200$ .

List - I	List - II
(A) Laspeyre's index	(I) 160
(B) Paasche's index	(II) 200
(C) Fesher's index	(III) 205
(D) Dorbish and Bowley's	(IV) 250

Choose the correct answer from the options given below :

2023: 15 June Shift 2

Consider the following data :

Year	2012	2013	2014	2015	2016
Sales (in ₹ crores)	8	10	7	9	12

The equation of the straight line trend by the method of least squares is :

2023: 23 May Shift 3

Given that p $_0$ and p $_1$ represent base and current prices of a commodity, q $_0$ and q $_1$ refer to the base and current quantities, then the formula used to calculate price relatives is :

2023: 22 May Shift 3

For the data :

Variable	Price - Base year	Price - Current year	Weights
X	50	60	5
Y	20	25	7
Z	30	40	4

The weighted aggregative index number is :

2023: 23 May Shift 3

The rise in prices before Christmas is an example of

2022: 25 May Shift 1

From the data given below the Laspeyre's price index for the year 2016 with year 2010 as base year is

Commodity	Price year 2010	Price year 2016	Quantity Year 2010	Quantity Year 2016
A	1	2	10	13
B	5	10	12	16
C	6	10	15	18

The price index of sugar in 2019 compared to 2016 is 120. If the cost of sugar was Rs.25 per kg in 2016 then the cost in 2019 is:

Solution

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