NCERT Solutions for Class 11 Statistics Chapter 8 Index Numbers – Here are all the NCERT solutions for Class 11 Statistics Chapter 8. This solution contains questions, answers, images, explanations of the complete chapter 8 titled Index Numbers taught in Class 11. If you are a student of Class 11 who is using NCERT Textbook to study Statistics, then you must come across chapter 8 Index Numbers. After you have studied lesson, you must be looking for answers of its questions. Here you can get complete NCERT Solutions for Class 11 Statistics Chapter 8 Index Numbers.
NCERT Solutions Class 11 Statistics Chapter 8 Index Numbers
Here on AglaSem Schools, you can access to NCERT Book Solutions in free pdf for Statistics for Class 11 so that you can refer them as and when required. The NCERT Solutions to the questions after every unit of NCERT textbooks aimed at helping students solving difficult questions.
For a better understanding of this chapter, you should also see summary of Chapter 8 Index Numbers , Statistics, Class 11.
| Class | 11 |
| Subject | Statistics |
| Book | Statistics For Economics |
| Chapter Number | 8 |
| Chapter Name |
Index Numbers |
NCERT Solutions Class 11 Statistics chapter 8 Index Numbers
Class 11, Statistics chapter 8, Index Numbers solutions are given below in PDF format. You can view them online or download PDF file for future use.
Index Numbers
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Question & Answer
Q.1: An index number which accounts for the relative importance of the items is known as
(i) weighted index
(ii) simple aggregative index
(iii) simple average of relatives
Ans : (i) Weighted index Weighted index number is an index number in which different items are given different importance in terms of different weights.
Q.2: In most of the weighted index numbers the weight pertains to
(i) base year
(ii) current year
(iii) both base and current year
Ans : (ii) Current year In most of the weighted index numbers the weights pertains to current year because we want to know how the price/quantity has changed in current year from the level of base year.
Q.3: The impact of change in the price of a commodity with little weight in the index will be
(i) small
(ii) large
(iii) uncertain
Ans : (i) Small Whether the change in price will be reflected in a price index number or not depends on the weight associated with the item. Lower or negligible weight reflects lower or negligible change in the index number and higher weight reflects higher change in the index number.
Q.4: A consumer price index measures changes in
(i) retail prices
(ii) wholesale prices
(iii) producers prices
Ans : (ii) Wholesale prices From 2014, the Reserve Bank of India (RBI) has adopted the new Consumer Price Index (CPI) as the key measure of inflation.
Q.5: The item having the highest weight in consumer price index for industrial workers is
(i) Food
(ii) Housing
(iii) Clothing
Ans : (i) Food Food is the most essential commodity for living. Industrial workers have to spend more on food because they are engaged in physical labour.
NCERT / CBSE Book for Class 11 Statistics
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