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Target Exam

CUET

Subject

Applied Maths. Section B2

Chapter

Index Numbers and Time Based Data

Question:

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 :

Options:

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

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

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

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

Correct Answer:

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

Explanation:

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.

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