Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

If index number $P_{01}$ is computed on base year and $P_{10}$ is computed on current year, time reversal test is satisfied when

Options:

$\frac{P_{01}+P_{10}}{2}=1$

$\frac{1}{P_{01}}+\frac{1}{P_{10}}=2$

$P_{01}×P_{10}=1$

$\sqrt{P_{01}×P_{10}}=2$

Correct Answer:

$P_{01}×P_{10}=1$