What are uses of consumer price index?

6

(a)

Why do we need an index number?

6

(a)

Is the change in price reflected in price index number?

6

(a)

Explain the concept and uses of index numbers.

6

(a)

Define index number. Discuss various problems in the construction of index numbers.

6

(a)

Explain the need of weights in index numbers. Explain commonly used weighting schemes.

6

(a)

Explain fisher's ideal index number and discuss how far it is ideal?

6

(a)

Define a wholesale index number. What are its uses?

6

(a)

Write a short note on Index for Industrial Production.

6

(a)

What are the limitations of index numbers?

6

(a)