Related InterviewSolutions

• Define the cost of living index number.
• Which index number is used in India to find the rate of dearness allowance ?
• State the main difference between fixed base method and chain base method.
• State the main difference between explicit weight and implicit weight.
• State the uses of cost of living index number.
• Why is Fisher’s index number called an ideal number?
• Give the meaning of cost of living index number and state the points to be considered for its construction.
• What is weight in the construction of index numbers ? State the types of weight.
• Which is the appropriate average for the construction of index number ?
• Which index number gives idea of the standard of living of people ?(a) Index number of industrial production(b) Quantity index number(c) Fisher’s index number(d) Cost of living index number