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T.R. Jain and V.K. Ohri- Statistics for Economics Solution for Class 11 Commerce Statistics for Economics Chapter 13 - Index Numbers

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Exercise/Page

T.R. Jain and V.K. Ohri- Statistics for Economics Solution for Class 11 Commerce Statistics for Economics Chapter 13 - Index Numbers Page/Excercise 370

Solution SAQ 1

Solution SAQ 2

Solution SAQ 3

T.R. Jain and V.K. Ohri- Statistics for Economics Solution for Class 11 Commerce Statistics for Economics Chapter 13 - Index Numbers Page/Excercise 371

Solution SAQ 4

 

q0

p0

p0q0

p1

q1

p1q1

p1q0

p0q1

A

3

5

15

8

2

16

24

10

B

7

4

28

6

5

30

42

20

C

4

7

28

10

3

30

40

21

D

6

6

36

7

5

35

42

30

 

 

 

𝛴p0q0 = 107

 

 

𝛴p1q1 = 111

𝛴p1q0 = 148

𝛴p0q1 = 81

 

Solution SAQ 5

 

 

p0

q0

p1

q1

p0q0

p1q1

p0q1

p1q0

Good I

5

10

4

12

50

48

60

40

Good II

8

6

7

7

48

49

56

42

Good III

6

3

5

4

18

20

24

15

 

 

 

 

 

𝛴p0q0 = 116

𝛴 p1q1 = 117

𝛴p0q1 = 140

𝛴p1q0 = 97

Solution SAQ 6

 

q0

p0

p0q0

p1

q1

p1q1

p1q0

p0q1

A

24

8

192

30

10

300

240

240

B

9

3

27

10

4

40

30

36

C

16

5

80

20

8

160

100

128

D

10

3

30

9

4

36

27

40

 

 

 

𝛴p0q0 = 329

 

 

𝛴p1q1 = 536

𝛴p1q0 = 397

𝛴 p0q1 = 444

 

Solution SAQ 7

Solution SAQ 8

 

P0

q0

P0q0

P1

q1

P1q0

A

70

7

490

80

6

560

B

62

3

186

74

2

222

 

 

 

𝛴 P0q0 = 676

 

 

𝛴P1q0 = 782

T.R. Jain and V.K. Ohri- Statistics for Economics Solution for Class 11 Commerce Statistics for Economics Chapter 13 - Index Numbers Page/Excercise 372

Solution SAQ 9

 

p0

q0

p0q0

p1

q1

p1q1

p0q1

p1q0

A

0.8

10

8

0.7

11

7.7

8.8

7

B

0.85

8

6.8

0.9

9

8.1

7.65

7.2

C

1.35

5

6.5

0.8

5.5

4.4

7.15

4

 

 

 

𝛴p0q0 = 21.3

 

 

𝛴p1q1 = 20.2

𝛴p0q1 = 23.60

𝛴 p0q1 = 18.2

Solution SAQ 10

Solution SAQ 11

Items

Price (P)

Weights (W)

PW

Wheat

241

10

2410

Rice

150

4

600

Maida

200

2

400

Pulses

170

2

340

Oil

125

2

250

 

 

𝛴W = 20

𝛴PW = 4000

Solution SAQ 12

Items

Price (P)

Weights (W)

PW

Food

125

40

5000

Fuel

120

10

1200

Cloth

66.67

25

16 66.75

House rent

120

15

1800

Miscellaneous

150

10

1500

 

 

𝛴W = 100

𝛴PW = 11166.75

T.R. Jain and V.K. Ohri- Statistics for Economics Solution for Class 11 Commerce Statistics for Economics Chapter 13 - Index Numbers Page/Excercise 373

Solution SAQ 13

Items

q1

P0

P1

P1q1

P0q1

Rice

30

12

25

750

360

Pulses

36

0.4

0.6

21.6

14.4

Oil

24

1.5

2.2

52.8

36

Clothing

72

0.75

10

720

54

Housing

1

20

30

30

20

Miscellaneous

1

20

15

15

20

 

 

 

 

𝛴 P1q1 = 1589.4

𝛴 P0q1=504.4

Solution SAQ 14

 

q1

q0

P1

P1q0

P0q0

A

25

16

35

560

400

B

36

7

48

336

252

C

12

3.5

16

56

42

D

6

2.5

10

25

15

E

28

4

28

112

112

 

 

 

 

𝛴 P1q0 = 821

𝛴 P0q0=1089

 

Solution SAQ 15

Yes, as per aggregate expenditure method, CPI is 113.33. On the contrary, family budged method gives CPI as 145.64. The difference is equal to 32.31.

Solution SAQ 16

T.R. Jain and V.K. Ohri- Statistics for Economics Solution for Class 11 Commerce Statistics for Economics Chapter 13 - Index Numbers Page/Excercise 374

Solution SAQ 17

Solution SAQ 18

Text Book Solutions

CBSE XI Commerce - Statistics for Economics

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