Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

If $p_{01}$ is the index for current year 1 on the basis of the year 0 and $P_{10}$ is the index for the year 0 based on year 1 then time reverseall test satisfy :

Options:

$P_{01}×P_{10}=100$

$P_{01}×P_{10}=10$

$P_{01}×P_{10}=0.1$

$P_{01}×P_{10}=1$

Correct Answer:

$P_{01}×P_{10}=1$