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Class 11 Index Numbers worksheet
CBSE Social Science. Price relatives, simple and weighted indices, Laspeyres and Paasche, CPI, WPI, IIP and the Sensex, real wages and inflation. Every sheet has 20 questions in three sections and an answer key, and the numbers change every time.
Sample questions
Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.
Section A · multiple choice
- 1.
An index number measures the relative change in a group of items between:
- two people
- two subjects
- two countries only
- a base period and a current period
Answer
(d) a base period and a current period
- 2.
In the book, the base period of the CPI for Agricultural Labourers is:
- 1978–79
- 2011–12
- 1986–87
- 2012
Answer
(c) 1986–87
- 3.
Prices (₹) of four goods: wheat 16 → 15, rice 8 → 10, pulses 13 → 18, tea 25 → 29. Find the simple aggregative price index.
- 116.13
- 16.13
- 86.11
- 121.13
Answer
(a) 116.13
Σp1 ÷ Σp0 × 100 = 72 ÷ 62 × 100
Section B · short answer
- 4.
What is an index number?
Answer
A statistical device that measures the relative change in a large number of items, like prices, over time.
- 5.
Find Paasche’s price index. wheat: p0 ₹16, p1 ₹22, q1 10; oil: p0 ₹19, p1 ₹24, q1 19; tea: p0 ₹27, p1 ₹36, q1 17.
Answer
131.43
Σp1q1 ÷ Σp0q1 × 100 = 1,288 ÷ 980 × 100
Section C · long answer
- 6.
Distinguish between Laspeyres’ and Paasche’s price indices.
Answer
Laspeyres uses base period quantities as weights (Σp1q0 ÷ Σp0q0 × 100); Paasche uses current period quantities (Σp1q1 ÷ Σp0q1 × 100); only the weights differ.
Fresh sheets for your child
In the app, every Index Numbers sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.
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