Which one of the following test of adequacy is concerned with the measurement of price changes over a period of years, when it is desirable to shift…

CA Foundation · Quantitative Aptitude · PYQS · September 2024
Which one of the following test of adequacy is concerned with the measurement of price changes over a period of years, when it is desirable to shift the base ?
(A) A. Time Reversal test
(B) B. Unit test
(C) C. Circular test
(D) D. Factor Reversal test

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Circular test

Topics: Part-A: Business Mathematics

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