Match List I with List II
| LIST I | LIST II | ||
| A. | Quantity index | I. | Measures relative price change over a period of time. |
| B. | Time series | II. | Measures change in quantity of consumption of goods over a specific period of time. |
| C. | Price index | III. | Measures average value of goods for specific time period. |
| D. | Value index | IV. | Statistical observation taken at different points of time for specific period of time. |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → A - II, B - IV, C - I, D - III
(A) Quantity index
This matches (II) Measures change in quantity of consumption of goods over a specific period of time.
A quantity index compares the quantities of goods in the current period with those in the base period.
(B) Time series
This matches (IV) Statistical observation taken at different points of time for specific period of time.
A time series is a set of observations of a variable arranged in order of time.
(C) Price index
This matches (I) Measures relative price change over a period of time.
A price index compares the prices in the current period with those in the base period.
(D) Value index
This matches (III) Measures average value of goods for specific time period.
A value index compares the total value (price × quantity) of goods in the current period with that in the base period.
So the matching is A - II, B - IV, C - I, D - III.
Note: This topic was not in the CUET 2026 syllabus.