Which of the following statement is true ?

CA Foundation · Quantitative Aptitude · MTP · January 2025
Which of the following statement is true ?
(A) A. Paasche's index number is based on base year quantity
(B) B. Fisher's index satisfies the circular test
(C) C. Arithmetic mean is the most appropriate average for constructing the index number
(D) D. Splicing means constructing one continuous series from two different indices on the basis of common base.

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Splicing means constructing one continuous series from two different indices on the basis of common base.

Topics: Part-A: Business Mathematics, Part-C: Statistics

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