Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

Match List I with List II.

LIST I

LIST II

 A. Time reversal test is satisfied by 

 I. Quantity price index 

 B. Index number which study change in total value of production 

 II. Fisher's Index Price 

 C. Purchasing power of money can be accessed through 

 III. Consumer price index 

 D. Index number which helps in studying level of physical output in an economy 

 IV. Value index number 

Choose the correct answer from the options given below:

Options:

A-III, B-I, C-II, D-IV

A-II, B-IV, C-III, D-I

A-IV, B-III, C-I, D-II

A-I, B-II, C-IV, D-III

Correct Answer:

A-II, B-IV, C-III, D-I

Explanation:

The correct answer is Option () - 

Match the items logically:

A. Time reversal test is satisfied by → Fisher’s Index Price

B. Index number which studies change in total value of production → Value index number

C. Purchasing power of money can be assessed through → Consumer price index

D. Index number which helps in studying level of physical output in an economy → Quantity price index

The correct answer is: A–II, B–IV, C–III, D–I