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:

• A. A-I, B-IV, C-II, D-III
• B. A-III, B-IV, С-I, D-II
• C. A-II, B-III, С-IV, D-I
• D. A-IV, B-I, С-II, D-III

Answer 1

The Correct Option is D

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