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
| LIST I | LIST II | ||
| A. | Quantity index | II. Measures change in quantity of consumption of goods over a specific period of time. | |
| B. | Time series | IV. Statistical observation taken at different points of time for specific period of time. | |
| C. | Price index | I. Measures relative price change over a period of time. | |
| D. | Value index | III. Measures average value of goods for specific time period. | |
(A) Quantity index → (II). Quantity index measures the change in the quantity of consumption or production of goods over a specific period of time.
(B) Time series → (IV). Time series refers to statistical observations collected at different points of time over a specific period.
(C) Price index → (I). Price index measures the relative change in prices over a period of time.
(D) Value index → (III) Value index measures the average value of goods for a specific time period.