For the year 2017, with 2015 as base year, the quantity index (upto two decimal) is equal to:
|
Commodity |
Quantity 2015 |
Quantity 2017 |
|
P |
60 |
65 |
|
Q |
200 |
210 |
|
R |
50 |
50 |
|
S |
40 |
35 |
|
T |
20 |
26 |
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 104.32
$\text{Quantity index} = \frac{\sum q_1}{\sum q_0} \times 100$
$\sum q_0 = 60+200+50+40+20 = 370$
$\sum q_1 = 65+210+50+35+26 = 386$
$\text{Index} = \frac{386}{370} \times 100 = 104.32$
$\text{Quantity index} = 104.32$