Question:

Match List I with List II

LIST I

LIST II

A.Weight is considered as quantity in
base year in,
I.Paasche's index
number
B.Weight is considered as quantity in
current year in,
II.Fisher's index
number
C.The index number which is called as
ideal index number is,
III.Marshall-Edgeworth's
index number
D.Weight is taken as the average of the
base year quantity and current year
quantity in
IV.Laspeyre's index
number

Choose the correct answer from the options given below:

Updated On: May 11, 2025
  • A-I, B-IV, C-II, D-III
  • A-III, B-IV, С-I, D-II
  • A-II, B-III, С-IV, D-I
  • A-IV, B-I, С-II, D-III
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The Correct Option is D

Solution and Explanation

To determine the correct matches between List I and List II, let's analyze each statement:

  1. Weight is considered as quantity in base year. This description pertains to Laspeyre's index number, where the base year quantities serve as weights. This aligns A with IV.
  2. Weight is considered as quantity in current year. This matches with Paasche's index number, as it uses current year quantities as weights. Thus, B aligns with I.
  3. The index number which is called as ideal index number. This refers to Fisher's index number, which is considered the ideal index due to its mathematical properties. Therefore, C aligns with II.
  4. Weight is taken as the average of the base year quantity and current year quantity. This correlates with Marshall-Edgeworth's index number, which uses such an average. Hence, D aligns with III.

Based on this analysis, the correct matches for the lists are as follows:

A.IV.
B.I.
C.II.
D.III.

The correct answer is: A-IV, B-I, C-II, D-III

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