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(d) None of these. 9 (c) 122 1993 103 100 1992 (b) 135 Year Link Index (Base 1992 = 100) for the years 1993-97. The construction of chain index is: (a) 103, 100.94, 107, 118.72 (c) 107, 100.25, 104, 118.72?
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(d) None of these. 9 (c) 122 1993 103 100 1992 (b) 135 Year Link Index...
Year Link Index (Base 1992 = 100) for the years 1993-97
To calculate the Year Link Index for the years 1993-97, we need to follow the construction of the chain index. The chain index method is a method used to calculate the changes in the price or quantity of a particular item over a period of time. It is based on linking the values of the item from one period to the next.
Step 1: Calculate the Link Relative
The first step in constructing the chain index is to calculate the link relative, which is the ratio of the value in the current period to the value in the previous period. In this case, we will calculate the link relative for each year from 1993 to 1997, using the base year of 1992.
1993 Link Relative = Value in 1993 / Value in 1992 = 122 / 100 = 1.22
1994 Link Relative = Value in 1994 / Value in 1993 = 1993 / 122 = 1.63
1995 Link Relative = Value in 1995 / Value in 1994 = 103 / 1993 = 0.052
1996 Link Relative = Value in 1996 / Value in 1995 = 100 / 103 = 0.97
1997 Link Relative = Value in 1997 / Value in 1996 = 1992 / 100 = 19.92
Step 2: Calculate the Chain Index
Once we have calculated the link relative for each year, we can use them to calculate the chain index. The chain index for each year is obtained by multiplying the link relative for that year with the chain index for the previous year.
1992 Chain Index = 100 (Base Year)
1993 Chain Index = 1992 Chain Index * 1993 Link Relative = 100 * 1.22 = 122
1994 Chain Index = 1993 Chain Index * 1994 Link Relative = 122 * 1.63 = 199.86
1995 Chain Index = 1994 Chain Index * 1995 Link Relative = 199.86 * 0.052 = 10.39
1996 Chain Index = 1995 Chain Index * 1996 Link Relative = 10.39 * 0.97 = 10.08
1997 Chain Index = 1996 Chain Index * 1997 Link Relative = 10.08 * 19.92 = 201.22
Final Year Link Index (Base 1992 = 100) for the years 1993-97:
The final Year Link Index (Base 1992 = 100) for the years 1993-97 is as follows:
1992: 100
1993: 122
1994: 199.86
1995: 10.39
1996: 10.08
1997: 201.22
Conclusion:
The correct Year Link Index (Base 1992 = 100) for the years 1993-97 is (b) 135.
To calculate the Year Link Index for the years 1993-97, we need to follow the construction of the chain index. The chain index method is a method used to calculate the changes in the price or quantity of a particular item over a period of time. It is based on linking the values of the item from one period to the next.
Step 1: Calculate the Link Relative
The first step in constructing the chain index is to calculate the link relative, which is the ratio of the value in the current period to the value in the previous period. In this case, we will calculate the link relative for each year from 1993 to 1997, using the base year of 1992.
1993 Link Relative = Value in 1993 / Value in 1992 = 122 / 100 = 1.22
1994 Link Relative = Value in 1994 / Value in 1993 = 1993 / 122 = 1.63
1995 Link Relative = Value in 1995 / Value in 1994 = 103 / 1993 = 0.052
1996 Link Relative = Value in 1996 / Value in 1995 = 100 / 103 = 0.97
1997 Link Relative = Value in 1997 / Value in 1996 = 1992 / 100 = 19.92
Step 2: Calculate the Chain Index
Once we have calculated the link relative for each year, we can use them to calculate the chain index. The chain index for each year is obtained by multiplying the link relative for that year with the chain index for the previous year.
1992 Chain Index = 100 (Base Year)
1993 Chain Index = 1992 Chain Index * 1993 Link Relative = 100 * 1.22 = 122
1994 Chain Index = 1993 Chain Index * 1994 Link Relative = 122 * 1.63 = 199.86
1995 Chain Index = 1994 Chain Index * 1995 Link Relative = 199.86 * 0.052 = 10.39
1996 Chain Index = 1995 Chain Index * 1996 Link Relative = 10.39 * 0.97 = 10.08
1997 Chain Index = 1996 Chain Index * 1997 Link Relative = 10.08 * 19.92 = 201.22
Final Year Link Index (Base 1992 = 100) for the years 1993-97:
The final Year Link Index (Base 1992 = 100) for the years 1993-97 is as follows:
1992: 100
1993: 122
1994: 199.86
1995: 10.39
1996: 10.08
1997: 201.22
Conclusion:
The correct Year Link Index (Base 1992 = 100) for the years 1993-97 is (b) 135.
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(d) None of these. 9 (c) 122 1993 103 100 1992 (b) 135 Year Link Index (Base 1992 = 100) for the years 1993-97. The construction of chain index is: (a) 103, 100.94, 107, 118.72 (c) 107, 100.25, 104, 118.72?
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(d) None of these. 9 (c) 122 1993 103 100 1992 (b) 135 Year Link Index (Base 1992 = 100) for the years 1993-97. The construction of chain index is: (a) 103, 100.94, 107, 118.72 (c) 107, 100.25, 104, 118.72? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about (d) None of these. 9 (c) 122 1993 103 100 1992 (b) 135 Year Link Index (Base 1992 = 100) for the years 1993-97. The construction of chain index is: (a) 103, 100.94, 107, 118.72 (c) 107, 100.25, 104, 118.72? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for (d) None of these. 9 (c) 122 1993 103 100 1992 (b) 135 Year Link Index (Base 1992 = 100) for the years 1993-97. The construction of chain index is: (a) 103, 100.94, 107, 118.72 (c) 107, 100.25, 104, 118.72?.
(d) None of these. 9 (c) 122 1993 103 100 1992 (b) 135 Year Link Index (Base 1992 = 100) for the years 1993-97. The construction of chain index is: (a) 103, 100.94, 107, 118.72 (c) 107, 100.25, 104, 118.72? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about (d) None of these. 9 (c) 122 1993 103 100 1992 (b) 135 Year Link Index (Base 1992 = 100) for the years 1993-97. The construction of chain index is: (a) 103, 100.94, 107, 118.72 (c) 107, 100.25, 104, 118.72? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for (d) None of these. 9 (c) 122 1993 103 100 1992 (b) 135 Year Link Index (Base 1992 = 100) for the years 1993-97. The construction of chain index is: (a) 103, 100.94, 107, 118.72 (c) 107, 100.25, 104, 118.72?.
Solutions for (d) None of these. 9 (c) 122 1993 103 100 1992 (b) 135 Year Link Index (Base 1992 = 100) for the years 1993-97. The construction of chain index is: (a) 103, 100.94, 107, 118.72 (c) 107, 100.25, 104, 118.72? in English & in Hindi are available as part of our courses for CA Foundation.
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