SDKL DAV Cent Sen Sec public School Mansa Punjab Index numbers Numericals ING ela aeF construct index number by Price Relative Method taking, 2004 Price per Unit in& as base year. 2004 2016 2017 rice index for the foll by (i) M425, 121.60, 139 16) compute a PI the following by (i) Simple Aggregative Method, and of Price _ Method: I, and (ii) Average A B cc D 20 30 10 2 25 so | 15 35 (Ans. (i) By Simple Aggregative Index Method = 117 14, (ii) By Price Relative Index Method = 122.92] 4, Construct price index number of the following data by using: (i) Laspeyre’s Method, (ii) Paasche’s Method, and (iii) Fisher’s Method. oe : [Ans. (i) By Laspeyre’s Method = 138.32, (ii) By Paasche’s Method = 137.04, (iii) By Fisher’s Method = 137.66] (Note: Answers by all the methods are more or less equal. Nevertheless, Fisher's Index "umber is regarded as an ideal method.) 5 Construct an index number for the year 2018, taking 2004 as base year by any method you deem ideal: (Ans. Fisher's Method = 83.59) csiyen the following Gata and tak ing 2004 2s the base year, construct index of prices using. ) Paasche’s Method, and (ili) Fisher's Method. 24 * 9 » 19 10 4 20 8 9 4 [ars (i) By Lespeyre’s Method = 120.67, (ii) By Paasche’s Method = 120.72, {iii) By Fisher’s Method = 120.69) 7. Construct a weighted index number of the following data using Price Relative Method: (Ans. Weighted Index Number = 130) 8. Find out the index number of the following data with Laspeyre’s Method: (Ans. Laspeyre’s Method = 115.68) 9. Construct index numbers of the following data with Laspeyre’s and Paasche’s Methods: |_| (Ans. Laspeyre’s Method = 85.45, Paasche’s Method = 85.59) 10. Construct index numbers of the following data by Fisher's Method: 2) (Ans. Fisher's Method = a7i Hint: H Jo find quantity of ba ere value does not stand for quantity. Rather quanbty is to be worked out of value se year (qo) we make use of the following formula _ Value _ 18 OSs price: a= we find quantity of current year (q,) and solve the question using Fisher’s Method.} Living Index on the basis of the following data: similarly, 41, construct Cost of az. Items Price mh ree | O41 “a Wheat | = Rice 150 Maida | 200 Pulses | 170 ol 13 = : (Ans. Cost of Living Index = 42. Construct Consumer Price Index Number with the help of the following data Items | Price if Weight j Food 125 40 Fuel 120 10 Cloth 66.67 25 House Rent 120 ty Miscellaneous | 150 10 (Ans. Consumer Price Index Number = 111 67) 13, From the following data find Consumer Price Index or Cost of Living Index | me: Quantity Consumed Price in Price in | I in Current Year Base Year Current Year i Rice 30 qt 12 3 Pulses | 36 kg | oA | 0.6 Oil | 24 | 15, | 22 Clothing 72 metres | 0.75 | 10 Housing per month 20 | 30 __Miscellaneous per month 20 | 15 (Ans. Consumer Price Index = 315.1) 14 ‘Onstruct Cost of Living Index Number for the year 2018 from the following statistics: Mary 2004 Price —_—_-2004 Quantity | __ 2018 Price 3] . | 25 16.0 | 35 | 36 70 | 48 12 | 33 16 6 | 25 10 28 Ineae15. Find the Consumer Price Index from the following data. Using (\) Aggregative Expenditure Method, and {ii) Family Budget Method Is there any difference between the two resulls? Quinta P Rue | Wheat | s Quinta 90 | Baya | ' © Quintal 70 | Avhat | : Quintal lis [Dew Ghee | 20 ke 13 | | Suga | 1 © Quintal 160 170 (Ans. Consumer Price Index = 113 33) 16. Construct index number of industrial production in the year 2018 from the following data on the basis of 2005's production Electncal and Electromes Mill. Nos. | 12 | Metallurgical | Tonnes | 22 37 | Mechanical “Th Tonnes 2 105 oo Mining Th. Tonnes | 100 123 2 | Textiles | Mall. Mery. | 60 130 8 | Miscellaneous, th. Tonnes | ws a0 Bo (Ans. Index Number of Industrial Production = 315.5) 17, Construct index number of industrial production from the following data: | Mechanical Sugar and Tea Th. Tonnes 62 | 10 | | Textile Mill, Murs. | 35 | Mining Th. Tonnes 165, 15 | ansportation Mill. Nos. | 385 | | 20 | “Plectncity and Electronics | Mill. Nos a (Ans Index Number of Industrial Production = 200.08) 18. Construct index number of industrial production from the following data: ' Manutacturing | L _Hlectriaty and Electronics n= 296.19) Index Number of Industrial Producto