the

7. Find the
weighted index
number, using the
Items Food following data
Clothing Rent Fuel and
Miscellaneous

Index 152 lighting

110 80
130 100
Weight 48 15
10 12
[Ans. 128.29]
Calculate the cost of living index number from the
8.
following data
Group Index Number Weight
Food
350
Fuel and lighting
200
Clothing 240
House Rent 160 1

Miscellaneous 250 2

[Ans. 285]
9. The percentage increase in price in 2011 over 1990 in the following groupsfor middle class people in Kolkata
and the percentage of total expenditure spent on these groups are shown below. Calculate the cost of living
index number for 2011 with 1990 as base year

Percentage increase in price Percentage of total expenditure

Group
Food 125 45

Clothing 66

Fuel and Light 112

90 10
House rent and tax
105 34
Miscellaneous
[Ans. 210.51]
base is 175. The salary of a person in
2017 with 2012 as
.
10. The consumer price index number for the year standard of
living
in 2017 if he wants to maintain same
2012 was 7 15,000. What should be his salary (Ans.26.250]
in as 2012?
of an employee
for the year 2016 with 2012 as base is 388.5. The salary
. The cost of living index number dearness allowance should
has to be rightly
compensated, how much additional
in 2012 was 6,000. If he Ans. 17,310]
he get in 2016?
110 to 200 and the salary of a worker is also raised from
up from
During a certain period, the CLI goes is decreased by. Ans. 454.50]
real wage
3,250 to? 5,000. Then the
The t00d price index was 120 and other iteme ind.
dex
2015 was 125.
13. The consume price
The consumer index for April or the index is given to food?
of tolal weignt

excluding food) was 135. What percentage [Ans. 66.67

b y 50%. a.certain hardened smoker who maintained his former
*14. When the by 5%. What ne
increase
tobacco was
cost of tobacco in nis cost or
increased his
cost living by
ofliving percentage of his cost
the rise had increaseu ?
scale of Consumption said that ange in price
before the chang [Ans. 10]
of living was due to buying tobacco
 [B] Long-Answer Type
from the following data
. Find the Index Number by method of relatives (using A.M.)
Current Price
Commodity Base Price
Rice 35 42
35
Wheat 30
38
Pulse 40
120 [Ans. 111.5]
Fish 105
relative method, the index number
from the following data:
2. Find by using weithted A.M. of price
Current Price Base Price
Commodity Weight
13 250 225
Cloth
Wheat 18 26 22
25 32 26
Rice
65 70
Potato 8
[Ans. 115.5]

3. On the basis of the following data, compute the index number for the year 2014 taking 2010
as base using simple average of price relatives method

Commodities A B C D E

10 18 12 20 25
Price in 2010
Price in 2014 12 16 10
[Ans. 72.84]
2010 base
following data calculate the price index number for the year 2016 taking
as
4. From the
using (i) simple average and (ii) weighted average of price relatives:
Items Unit Price (R) Weight
2010 2016
Wheat Kg. 0.50 0.75
Milk Litre 0.60 0.75
Dozen 2.00 2.40
Egg
Kg 1.80 2.10 8
Sugar
Shoes Pair 8.00 10.00
Ans. (i) 127.4, (ii) 123.3]
5. Construct (i) Laspeyres' and (i) Paasche's price index numbers from the following table

Items Base year Current year

Price Quantity Price Quantity

Rice 0.40 6.0 0.30 7.0
Meal 0.90 4.0 0.50 5.0
Tea 0.90 0.5 0.40 1.5
Ans. (i) 62.02, (ii) 60.12]
6. From the following data, calculate the price index number by (i) Laspeyres' methodand
(ii) Paasche's method.

Base year Current year

Items
Price Quantity Price Quantity
A

B 10
C 14 10
D 2 19 2 13

[Ans. (i) 125.0. (ii) 126.2]

7. Find () Laspeyres' and (ii) Paasche's price index numbers for the year 2017 taking 2012 as base
from the following data.

Commodity
Quantity (kg) B C D
in 2012 8 10 15 20
in 2017 6 5 10 15
Price per kg (*)
in 2012 20 50 40 20
in 2017 40 60 50 20

[Ans. (i) 124.69, (ii) 125.23]

8. Calculate price index number for 2012 with 2000 as base year from the following data by using8
Fisher's method
2000 2012
Commodity Quantity (kg) Price R)
Quantity (kg)Price (R)
5 2.00 4.50

B 7 2.50 10 3.20

6 8.00 6 4.50
C
[Ans. 99.06]

9. Construct Fisher's price index number from the following data

2008 (base year) 2015 (current year)
Commodity Price
Price Quantity Quantity
8 6 12
A
10 11
B
7 8 8 5
C
[Ans. 123.5]
10. Applying Fisher's Method, calculate the index number for 2014 from the following data

2014
2010 (base yéar)
Items Price Quantity
Price Quantity
A 10
12

15 6 20

2
D 4
4 4
[Ans. 135.4]
Construct Fisher's index number with the help of the following data with 2005 base

Gram
Commodity Wheat Rice
Year Price Quantity Price Quantity Price Quantity
2005 14 15 20 4 10
2009 7 8
24 12 27 4

[Ans. 161.4]
12. Calculate Edgeworth-Marshall's price index number for the year 2017 taking 2012 as base year
from the foliowing data

2012 2017
Commodity Price
Price Quantity Quantity
40 10 50
B 20 5 30 8
C 30 6 40 10
D 10 9 20 10
Ans. 140.37]
13. Calculate Edgeworth-Marshall's price index number from the following data

Base year Current year

Items Price Quantity Price Quantity
A 5 50 10 56
B 3 100 120
C 4 60 60
D 11 30 14 24
40 10 36
[Ans. 149)
14. Calculate Edgeworth-Marshall's price index number from the following data
2011
Unit 2016
Commodity Price Quantity Price Quantity
A kg 200 5 450
B ton 250
320 10
C dozon 800
450
D kg 100 2
180 9
Ans. 144.13]
 From the following table calculate Paasche's quantity index number for 2015 with 2010 as base

Items Value
Quantity
2015
2010 2015
540
A 54 250
B 75 825
93
56 448
18
D 8 56
6
E 23 47 141

[Ans. 144.12]
20. Calculate the chain-base index numbers for the years 2013 and 2014 taking 2011 as base from
the following data :
Year 2011 2012 2013 2014

Link Indices 80 110 120 90

[Ans. 132 and 118.8]
21. Find the chain-base index numbers for the years 2002 and 2003 taking 1999 as base from the
following data
| Year 1999 2000 2001 2002 2003
L Link Relatives 100 75 71 105 95
[Ans. (c) 55.91 and 53.11]
22. Find the index numbers for the years 2008 and 2009 by chain-base method taking 2006 as base
year from the following date
Year 2006 2007 2008 2009
Link Indices 100 110 95.5 109.5
[Ans. 105.05 and 115.03]
23. Calculate chain-base index number for the year 2012 taking 2010 as base using A.M. of relatives
method:
Commodity Average wholesale price (R
2010 2011 2012
20 16 28
B 25 30 24
C 20 25 30
[Ans. 135.41]
24. From the following price of commodities given in rupees per unit, calculate the chain-base index
number for the year 2002 taking 2000 as base year (use simple relative method):
Commodity 2000 2001 2002
3 4
B 10 12
C 5 8
[Ans. 183.70]
 both time and factor
.USing the following data prove that Fisher's ideal index number satisfies
reversal tests

2014 2015
Commodity Price Quantity (kg)
Price Quantity(kg)
A 32 50 30 50
35 25 40
B 30
55 18 50
C 16

33. Compute Fisher's ideal index and verify that it satisfies the factor reversal test with the help of
thefollowing data
A B C
Commodity
Year Price Quantity Price Quantity price Quantity
40 50 30 10 40 5
2000
100 40 80 8 40 4
2010
[Ans. 240
commodities with thei
34. The table below gives the price of the base year and current year of 5
the time reversal test
quantities. Use it to show Fisher's ideal index satisfies
Base year Current year
Commodity
Unit Price (7)|Quantity (kg) Unit Price (R) Quantity (kg)
5 50 5 70
A
B 5 75 10 80

C 10 80 12 100
5 20 8 30
D
10 50 5 60
E