Shree Narayana Coaching centre

Subject: STAT
Standard: 12 Marks: 150
Chapter: 1

Section - A
‣ Choose the correct option from those given below each question (Each question carries 1 Marks) (25)
𝑝1
01. What weight is assigned as expenditure to the price relatives 𝑝0 of the items to obtain the formula for Paasche’s index
number
A. 𝑝1 𝑞0 B. 𝑝0 𝑞1 C. 𝑝1 𝑞1 D. 𝑝0 𝑞0

Ans. 𝑝 𝑞
0 1

02. If the average disposable income of families of a class is RS. 20000 in the year 2013 and if the cost of living index number
of that class for the year 2015 with the base year 2013 is 130, what should be the average disposable income of the families
of this class in the year 2015?
A. 14000 B. 20000 C. 20130 D. 26000
Ans. 26000
03. If 𝐼𝐿 = 𝐼𝐹 which of the following statements is true?
A. 4𝐼𝐹 = 𝐼𝐿 B. 𝐼𝐹 = 𝐼𝑃 = 𝐼𝐿 C. 𝐼𝑝 = 2𝐼𝐿 D. 𝐼𝐹 = 𝐼𝐿
2

Ans. 𝐼𝐹 = 𝐼𝑃 = 𝐼𝐿
04. If the purchasing power of money is 0.75 in the year 2016 with respect to the base year 2015, then what will be the price
index number for the year 2016?
A. 275 B. 133.33 C. 750 D. 175
Ans. 133.33
05. The price of an item increased by 4.5 times in the current year as compared to the base year. What will be the price index
number?
A. 350 B. 550 C. 450 D. 45
Ans. 550
06. Which index number gives idea of the standard of living of people?
A. Cost of living Index number B. Fisher’s index number C. Quantity index number D. Index number of industrial
production
Ans. Cost of living Index number
07. Which average is considered as the best average in construction of the index number?
A. Geometric mean B. Weighted mean C. Arithmetic mean D. Harmonic mean
Ans. Geometric mean
08. Which expenditure of items is assigned as weights in the method of family budget?
A. Expenditure of current year B. Expenditure of base year C. Average annual expenditure D. Expenditure of selected year
Ans. Expenditure of base year
09. Which prices are considered in the construction of the cost of living index number?
A. Retail price B. Average price C. Wholesale price D. Market price
Ans. Retail price
10. Which consumption is used in the calculation of Laspeyre’s index number?
A. Consumption of any year B. Consumption of average year C. Consumption of current year D. Consumption of base year
Ans. Consumption of base year
11. Which method is useful to compare the long term variations in the values of the variable?
A. Paasche’s method B. Fixed base method C. Laspeyre’s method D. Chain base method
Ans. Fixed base method
12. To obtain the measure of real income which index number is used?
A. Index number of human B. Cost of living index number C. Index number of business D. Wholesale price index
development and trade number
Ans. Cost of living index number
13. Which is the index number used to determine the need of foreign exchange?

Page 1
 A. Index number of import- B. Wholesale price index C. Index number of national D. Industrial index number
export number income
Ans. Index number of import-export
14. Which is the index number that Is used In determining the rate of inflation?
A. Index number of import- B. Index number of production C. Wholesale price index D. Cost of living index number
export number
Ans. Wholesale price index number
15. WhIch Index number is useful in determining the matter of revising the wage of employees of a firm?
A. Index number of national B. Index number of wage C. Cost of living index number D. Wholesale price Index
income number
Ans. Cost of living index number
16. If the index number of income of a group of people having fixed income is 250 with compare to base year. What will be the
purchasing power of money In current year?
A. 0.25 B. 0.40 C. 4.00 D. 2.50
Ans. 0.40
17. If a tax is levied, by which index number can the effect of tax on the cost of living of a certain class of people be
predicted?
A. Index number of human B. Index number of production C. Cost of living index number D. Wholesale price index
development number
Ans. Cost of living index number
18. An index number obtained by which method is free from the seasonal and cyclical fluctuations?
A. Chain base method B. Fixed base method C. Total expenditure method D. Family budget method
Ans. Chain base method
19. In computation of which index number is base year’s quantity considered?
A. Marshal’s B. Paasche’s C. Laspeyre’s D. Fisher’s
Ans. Marshal’s
20. By which method is the cost of living numberconstructed?
A. By family budget method B. By Marshal’s method C. By Paasche’s method D. By method of total
expenditure
Ans. By family budget method
21. Which is the practical average in the construction of cost of living index number?
A. Geometric mean B. Arithmetic mean C. Weighted average D. Simple average
Ans. Weighted average
22. How is the base year?
A. Past year B. Average year C. Normal year D. Any year
Ans. Normal year
23. What is the wholesale price index number ifthe purchasing power of money for the year2016 is 0.8 in relation to the base
year2012?
A. 80 B. 100 C. 125 D. None of the given
Ans. 125
24. In Paasche’s formula, which year’s quantity is considered to obtain total expenditure?
A. Quantity of an average year B. Quantity of a selected year C. Current year’s quantity D. Base year’s quantity
Ans. Current year’s quantity
25. If the cost of living index number for the people of a class is 200 for the year 2016 with respect to the year 2015, which of
the following statements is true?
A. The current year prices of the B. Purchasing power of money C. There is an average 100 D. There is an average 200
items consumed by that class is Rs. 0.5. percent decrease in the percent rise in the current
are stable. current year prices of the year prices of the item
items consumed by that class. consumed by that class.
Ans. Purchasing power of money is Rs. 0.5.
Section - B
‣ Answer the following questions in one sentence (Each question carries 1 Marks) (16)
26. The production of an item in the year 2015 has increased by 3 times the production in the base year. Find the index
number of production for the year 2015.
Ans. 400
27. How should be the base year in the calculation of index number?

Page 2
Ans. The base year in the calculation of index number should be standard or normal free from natural calamities and abnormal
man-made events.
28. Which is the appropriate average for the construction of index number?
Ans. The weighted average is the appropriate average for the construction of index number.
29. State the main difference between fixed base method and chain base method.
Ans. The main difference between fixed base method and chain base method is that ‘in fixed base method the base year remains
constant throughout the period of comparison while in chain base method at any given time the preceding year is taken as the
base year.
30. Which index number is used to find the rate of inflation? Write the formula to find the rate of inflation.
Ans. The wholesale price index number is used to find the rate of inflation. It’s formula is as follows : Rate of inflation
= {[(Wholesale price index number of current year ) – (Wholesale price index number of preceding year)} × 100 ]/{ Wholesale
price index number of preceding year}
31. ‘The price index number of oil is 500.’ State whether this statement is true or false and if false, correct and rewrite It.
Ans. The price index number of oil is 500. This statement Is false.
Correct statement: ‘The price index number of oil is 500’.
32. Name the important basic tests of index numbers.
Ans. The important basic tests of index number are: (1) Time reversal test and (2) Factor reversal test.
33. What is implicit weight?
Ans. The weight which is determined as per the number of varieties of different items selected in the construction of index number
is called implicit weight.
34. Define the cost of living index number.
Ans. The number showing the percentage of relative changes in the cost of living of the people of a certain section of the society in
the current year as compared to the base year is called the cost of living index number.
35. Define the index number.
Ans. The percentage change in the value of a variable associated with any item for the current period compared to its value in a
fixed period (base period) is called an index number.
36. What is a base year?
Ans. When the value of a variable for the current period is compared with the value of the variable with a fixed period, then this
fixed period is called a base year.
37. Which method is more suitable to compare the changes in a variable at two different time periods?
Ans. A method of ratio is more suitable to compare the changes in a variable at two different time periods.
38. What Is the base for index number of quantity?
Ans. The quantity relative is the base for index number of quantity.
39. In which method of selecting a base year, the problem of determining base year does not arise?
Ans. In chain base method the problem of determining the base year does not arise.
40. If ∑ 𝑝1 𝑞0 = 8
5
∑ 𝑝0 𝑞0 ,find Laspeyre’s index number.
Ans. 𝐼𝑙 = 160
41. If the daily wage of a worker is 500 in the year 2017 and the cost of living index number for the year is 130, find the real
daily wage of the worker.
Ans. Real daily wage of the worker = Rs.384.62
Section - C
‣ Answer the following question in Short (Each question carries 2 Marks) (28)
42. If the increase in the price relatives of three items are 250 %, 265 % and 300 % respectively and if the ratio of the
importance of these items is 8:7:5, find the general price index number.
Ans. General index number = 367.75
Thus, there is a rise of (367.75-100) = 267.75 % in the prices in the current year as compared to the base year.
43. If the average monthly disposable income of middle class families in the year 2014 is ₹ 14,400 and if the cost of living index
number for the year 2015 with the base year 2014 is 115 then estimate the average monthly disposable income of these
families in the year 2015.
Ans. = ₹ 16560
44. The Laspeyre's index number is 8 times the Fisher's index number. If the Fisher's index number is 180, find the Paasche's
9
index number.
Ans. = 202.5
45. The average monthly income of a worker was 16000 In the year 2015 and It Increased to 20000 In the year 2016. Find the
index number of income for the year 2016 in comparison to the year 2015.
Ans. Index number of income = 125
46. If the average disposable income of family of a class is 25000 in the year 2014 and if the cost of living index number of that
class for the year 2016 with the base year 2014 is 120, estimate the average disposable income of the family of that class in
the year 2016.

Page 3
Ans. Average monthly disposable income = Rs. 30000.
47. The cost of living index numbers and average monthly wage from the year 2010 to 2013 are given as follows. Find the real
wage for each year.
Year 2010 2011 2012 2013
Average monthly wage (Rs.) 35000 40000 42000 50000
Cost of living index number 120 150 130 160

Ans. Real wages Rs. 29166.67, 26666.67, 32307.69,31250

48. Why is Fisher’s index number called an ideal number?
Ans. The Fisher’s index number is called an ideal index number due to the following reasons:
(1) Fisher’s index number considers and quantities of both the years, base year and current year in the construction of the index
number
(2) It satisfies both the important fundamental tests, time reversal and factor reversal tests, of index number.
(3) The geometric mean is used calculate this index number which is the best the construction of index number.
(4) It balances the demerits of and Paasche’s index numbers.
49. What is weight in the construction of Index numbers? State the types of weight.
Ans. The number of items selected in the construction of an index number, the importance of every item is generally not same. So a
number assigned to each item according to its importance is called weight of the item.
The weights assigned to the items are of two types: (1) Implicit weight and (2) Explicit weight.
50. State the characteristics of index number.
Ans. The characteristics of index number are as follows:
(1 ) Index number is a relative measure expressing percentage changes in the value of a variable quantity.
(2 ) It is independent of units of measurement.
(3 ) It is a comparative measure.
(4 ) It compares the situations prevailing at two different points of time by means of ratio.
(5 ) It is an average measure. Hence, it possesses all characteristics of an average.
(6 ) It is a weighted average.
51. What Is a base year? Which points should be considered while choosing it?
Ans. A fixed period with which the value of a variable for the current period is compared, is called base year.
The following points should be considered while choosing it:
(1) The base year should be standard or normal.
(2) It should be free from natural calamities like floods, draught, earthquake, abnormal manmade events like war, revolt, riot,
strike, agitation, political events, economic disturbances, etc.
(3) It should not be from a distant past.
(4) It should be so selected that reveal the realistic picture of the current situation.
(5) If a single period is not normal then it should be selected as the average of some past periods.
52. The cost of living index numbers and average monthly wage from the year 2010 to 2013 are given as follows. Find the real
wage for each year.
Year 2010 2011 2012 2013
Average monthly wage (Rs.) 35000 40000 42000 50000
Cost of living index number 120 150 130 160

Ans. Real wages Rs. 29166.67, 26666.67, 32307.69,31250

53. State the characteristics of index number.
Ans. The characteristics of index number are as follows:
(1 ) Index number is a relative measure expressing percentage changes in the value of a variable quantity.
(2 ) It is independent of units of measurement.
(3 ) It is a comparative measure.
(4 ) It compares the situations prevailing at two different points of time by means of ratio.
(5 ) It is an average measure. Hence, it possesses all characteristics of an average.
(6 ) It is a weighted average.
54. If ∑ 𝐼𝑊 = 14950 and ∑ 𝑝0 𝑞0 = 65, find the percentage increase in the cost of living expenditure.
Ans. 130%
55. If the ratio of Laspeyre’s and Fisher’s index numbers is 25 : 24 and Paasche’s index number is 115.2, find Laspeyre’s and
Fisher’s index numbers.
Ans. Laspeyre’s index number = 125 and Fisher's index number = 120
Section - D
‣ Answer the following question in brief (Each question carries 3 Marks) (30)
56. The prices of three items A, B and C among five items have increased in the year 2015 by 90 %, 120 % and 70 % respectively
with respect to the year 2010, whereas the prices of two items D and E have decreased by 2 % and 5% respectively. Item A
is four times important than item B and item C is six times important than item A. The importance of items D and E is two
and half times the importance of item B. Compute the general price index number of the year 2015 for all the five items.
Ans. General price index number =163.01
Thus, it can be said that there is a rise of (163.01 - 100) = 63.01 % in the prices in the current year 2015 as compared to the base

Page 4
 year 2014.
57. The price of wheat increased by 70 % and price of rice increased by 40 % in the year 2015 with respect to the year 2010. The
price of bajri decreased by 25 %. The price of oil increased by 40 % and the price of ghee decreased by 5 %. If the
importance of oil is three times and of rice is double that of ghee and the importance of each of wheat and bajri is double
that of rice, find price index number of the group of these five items and interpret it.
Ans. Index number I = 126.79 and rise in price is 26.79%
58. Compute the index number by the method of total expenditure for the year 2014 by taking the base year 2013 using the
following data:
Item Consumption of year 2014 (Quantity) Price of year 2014(Rs.) Price of year 2013(Rs.)
Wheat 15 kg 24 20
RIce 10 kg 45 40
Bajari 5 kg 20 16
Tuver Dal 3 kg 90 80

Ans. Index number by total expenditure method = 115.69

59. The index numbers of average closing prices of shares of a certain company in different months with the base January
2014 are as follows. Find the chain base index numbers.
Month January ' 14 February '14 March '14 April '14 May '14 June '14
Fixed base index number 100 104 105 108 109 127

Ans. Chain base index number = 100, 104, 100.96, 102.86, 100.93, 116.51
60. The prices of three items among five fuel items increased by 50 %, 90 % and 110 % in the year 2015 as compared to the base
year 2014. The prices of other two items decreased 5 % and 2 % respectively, if the ratio of importance of these five items
is 5 : 4 : 3 : 2 : 1, find index number of fuel prices for the year 2015.
Ans. 161.87
61. Give the meaning of cost of living index number and state the points to be considered for its construction.
Ans. Meaning of cost of living index number: The number showing the percentage of relative changes in the cost of living of the
people of a certain section of the society in the current year as composed to the base year is called the cost of living index
number.
The following points should be taken into account while constructing the cost of living index number:
1. Purpose of construction : While constructing the cost of living index number, first of all its purpose should be defined. It
should be made clear about the class of people for whom this index number is to be constructed. The decision regarding
selection of commodities, their numbers, their quantities, etc. can be taken after knowing the requirements of different classes of
people. This means that it is absolutely necessary to clarify the purpose for which the cost of living index number is to be
constructed.
2. Family budget inquiry: For family budget inquiry, a random sample for specified class of people is selected for whom the cost
of living Index number is to be constructed.
3. Classification of commodities: Generaly the list of commodities obtained by family budget inquiry can be classified into five
heads:
(1) Food items (2) Clothing, (3) House re (4) Fuel and Light, (5) Miscellaneous expenditure
4. Availability of prices of items : The retail prices of items of consumption by families collected from the government recognised
or approved shops located in the area where the families of that class of people reside. Sometimes the simple average of retail
prices obtained from different shops at different times are taken ii consideration. To obtain retail prices of commodities unit of
quantity is taken as base unit.
For example, price is obtained as 10 per and not as 1 per 100 gm. This type of ret prices are obtained according to the
requirements of index numbers as weekly, fortnightly, monthly or yearly basis.
5. Selection of base year : The year with normal events should be selected as the base year and price relatives of all the selected
items are obtained as follows:
Price relative (I)= (Retail price of the current year) x (100)/ Retail price of the base year
6. Selection of average : For obtaining common price relative from different price relatives of different commodities, appropriate
average should be used. Theoretically, the Geometric mean is an ideal average for construction of Index numb but it’s
computation is difficult. Hence, weight average is used in the practice.
7. Selection of weighted method:
In the context of total expenditure, importance (weight) of each group and each item determined and by the following two
methods cost of living index number is constructed:
(1) Total expenditure method and (2) Family budget method.
62. The details of expenditure on clothing for the worker class of a region are as follows. Find the index number for clothing
by the total expenditure and family budget method.
Item Saree Dhoti Shirting Other
Unit Piece Piece Meter Meter
Quantity in year 2010 5 8 20 15
Price in year 2010 (Rs.) 300 70 32.40 20.90
Price In year 2014 (Rs.) 400 100 38 23.80

Ans. Index number by family budget method = 129.64 and by total expenditure method I = 129.64 Thus, both index numbers are
same.

Page 5
63. Find the index number for the year 2014 by the method of family budget from the following data about prices and
consumption of food items and interpret it:
Item Year 2010 quantity Year 2010 Price(Rs.) Year 2014 Price(Rs.)
Wheat 60 15 18
Rice 40 32 40
Bajrl 15 12 14
Tuver Dal 25 50 70

Ans. Index number I = 128.53 and rise in total expenditure is 28.53%.

64. The prices of five fuel related items in the years 2012 and 2014 are as follows. Calcula the general index number for five
fuel items by taking the year 2012 as the base year and state the overall increase in the prices of fuel items.
Item Electricity Gas Match Box Kerosene Wood
Unit Unit Cylinder Box Litre Kilogram
Price in 2012 (Rs.) 3 345 1.00 15 12
Price in 2014 (Rs,) 3.5 370 1.50 20 15

Ans. General index number of n items : 126.45; Overall increase in the price of fuel items is 26.45%
65. If for an item 3 ∑ 𝑝1 𝑞0 = 4 ∑ 𝑝1 𝑞1 = 1800 and 2 ∑ 𝑝0 𝑞0 = 2.5 ∑ 𝑝0 𝑞1 = 1000, find Laspeyre’s and Paasche’s index number.
Ans. 𝐼𝐿 = 120; 𝐼𝑃 = 112.5
Section - E
‣ Answer the following question in Details(Each question carries 5 Marks) (60)
66. The details of expenses on fuel for a group of workers of a region are as follows.
Base year 2012 Year 2014
Item
Quantity Price per unit (₹) Price per unit (₹)
Coal 5 Kilogram 25 30
Kerosene 20 Litre 40 45
Wood 5 Kilogram 22 25
Match-box 10 Boxes 0.90 1

Prepare the index number of the group of fuel expenditure from these data. If the expenditure for food, clothing, house
rent and miscellaneous groups in the year 2015 are 3, 2.5, 4.5 and 3.25 times respectively that of the year 2012, and if the
expenditures on these groups are 42 %, 15%, 10% and 12 % respectively of the total expenditure then prepare the cost of
living index number for the workers.

Ans. Index number for fuel expenditure = 113.51

Cost of living index number= 271.34

Thus, it can be said that there is a rise of (271.34 - 100) = 171.34% in the cost of living in the current year as compared to the base
year.

67. The data referring to worker class of a city are as follows. Find the general index numbers for the years 2014 and 2015. If
the wages of these workers in 2014 are increased by 5% in the year 2015, is this rise in wages sufficient to maintain their
standard of living?
Group Food Clothing Fuel and Electricity House Rent Miscellaneous
Weight 48 18 8 12 14
Group index number of 2014 210 220 210 200 210
Group index number of 2015 230 225 220 200 235

Ans. Index number for year 2014 = 210.60

Index number for year 2015 = 225.40

There is a rise of (225.4 -210.6) =14.8 % in the cost of living of workers in the year 2015 than in the year 2014 with reference to
the base year.

Thus, the percentage increase in the cost of living index number in the year 2015 is 7.03 as compared to the year 2014. Hence, the
rise of 5% in the wages of the year 2014 is not sufficient to maintain the same standard of living of the workers in the year 2015.

68. Calculate the cost of living index number by the total expenditure method and the family budget method for the year 2015
with the base year 2014 using the following data.
Item Wheat Rice Tuver Dal Oil Cloth Kerosene
Unit Quintal kg kg litre meter litre
Quantity of year 2014 35 kg 25 kg 20 kg 10 litre 20 meter 15 litre
Price of year 2014 (₹) 1600 40 60 80 30 28

Page 6
 Price of year 2015 (₹) 1800 45 120 90 45 35

Ans. Index number by total expenditure method = 141.48

Thus, there is a rise of (141.48 - 100) = 41.48 % in the total expenditure in the year 2015 as compared to the base year 2014.

Index number by family budget method = 141.48

69. Find Fisher's index number for the year 2015 by taking the year 2014 as the base year from the data given below about
consumption and total expenditure of five different items.
Base Year 2014 Current Year 2015
Item
Consumption Total expenditure Consumption Total expenditure
A 50 kg 2500 60 kg 4200
B 120 kg 600 140 kg 700
C 30 litre 330 20 litre 200
D 20 kg 360 15 kg 300
E 5 kg 40 5 kg 50

Ans. Fisher's index numbers = 127.73

Thus, it can be said that there is (127.73 - 100) = 27.73 % rise in the prices in the year 2015 as compared to the year 2014.

70. Compute Laspeyre's, Paasche's and Fisher's index numbers for the year 2016 from the data given below by taking 2015 as
the base year.
Price (₹) Quantity
Item Unit
Year 2015 Year 2016 Year 2015 Year 2016
A 20 Kilogram 300 440 5 Kilogram 8 Kilogram
B Quintal 500 700 10 Kilogram 15 Kilogram
C Kilogram 60 75 1200 Gram 2000 Gram
D Meter 14.25 15 15 Meter 25 Meter
E Litre 32 36 18 Litre 30 Litre
F Dozen 30 36 8 Pieces 10 Pieces

Ans. Laspeyre's index numbers = 115.95

Paasche's index numbers = 115.68

Fisher's index numbers = 115.80

Thus, it can be said that there is (115.8-100) = 15.8% rise in the prices in the year 2016 as compared to the year 2015.

71. The index numbers of food and clothing among the different groups of cost of living are 150 and 224.7 respectively for the
year 2015. The price of fuel has increased by 220 %. The expense on rent has increased from 4000 to ? 6000 and
miscellaneous expenses increased by 1.75 times. If the expenditure for the first four groups are 40 %, 18 %, 12 % and 20 %
respectively, find the cost of living index number for the year 2015 and interpret it.

Ans. Cost of living index number = 196.35 and rise is (196.35-100) = 96.35% as compared to the base year.
72. The data about per unit price and weights of four different items in the year 2014 and 2015 are as follows. Compute the
index number of the year 2015.
Item Weight Price per unit in Year 2014(Rs.) Price per unit in Year 2015(Rs.)
A 40 32 40
B 25 80 100
C 20 24 30
D 15 4 6

Ans. Index number I = 128.75

73. The data about index numbers and weights for groups of items for the living of Industrial workers in Ahmedabad city in
the years 2014 and 2015 are as follows. Find the cost of living index number of industrial workers. If the wages of workers
are increased by 5 % in the year 2015 then is this rise sufficient to compensate the rise in price in the year 2015
Fuel and Miscellaneous
Group Food Housing Clothing
Electicity Expense
Weight 31 14 22 10 23
Index number of
270 168 205 174 303
2014
Index number of
281 178 210 177 337
2015

Page 7
Ans. Index number for the year 2014 𝐼1 = 239.41 and Index number for the year 2015 𝐼2 = 253.44. Thre rise in cost of living in the
current year is 14.03% . The perecentage rise in the Price index number is 5.86% and rise in wage is 5%. Hence, wage rise is
0.86% less.
74. Compute the index number for the year2015 by total expenditure method and family budget method and state whether
both the index numbers are same:
Item Unit Consumption of year 2013(Quantity) Price of year 2013(Rs.) Price of year 2015(Rs.)
Wheat Quintal 100 kg 1800 2400
Rice 20 kg 40 kg 700 800
Sugar kg 40 kg 30 36
Oil kg 60 kg 108 120
Pulses 20 kg 40 kg 2000 2400
Ghee kg 36 kg 400 480

Ans. Index number by family budget method = 118.58 and index number by total expenditure method = 118.58,Thus, both the index
numbers are same
75. Compute the Laspeyre’s, Paasche’s and Fisher’s index numbers for the year 2015 from the data given below:
Item Quantity of Year 2014 Quantity of Year 2015 Price of Year 2014 Price of Year 2015
A 25 Kg 32Kg 42 45
B 15 liter 20 liter 28 30
C 10 pieces 20 pieces 30 36
D 8 meter 15 meter 20 25
E 30 liter 36 liter 60 65

Ans. 𝐼𝐿 = 109.52, 𝐼𝑃 = 110.29 𝐼𝐹 = 109.00

76. Compute the Fisher’s index number from the data given below about six different items:
Item A B C D E F
Unit 20kg Quintal kg Litre Meter Dozen
Year 2013 Quantity 5kg 10kg 1200 ગ્રામ 30Litre 12 Meter 20Pieces
Year 2013 Price (Rs.) 600 1600 60 52 8 30
Year 2015 Quantity 12kg 12kg 2000 ગ્રામ 36Litre 20 Meter 16Pieces
Year 2015 PrIce (Rs.) 880 2400 75 32 12 36

Ans. 𝐼𝐹 = 84.84
77. The quantity consumed and total expenditure of four different items are as given below. Find Paasche’s and Fisher’s
index numbers for the year 2015 with respect to the year 2013.
Total expenditure Total expenditure
Consumption of base year Consumption of current year
Item of base year of current year
2013(Quantity) 2015(Quantity)
2013(Rs.) 2015(Rs.)
A 360 60 kg 375 25 kg
B 160 10 litre 416 20 litre
C 480 15 kg 613.2 6 kg
D 336 3 kg 400 2.5 kg

Ans. 𝐼𝑃 =191.53, 𝐼𝐹 = 211.52

Page 8