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Question Practice

How is a simple price index calculated?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Economics
Statistics for Economics
Index Numbers
Question Bank

How is a simple price index calculated?

Single Answer MCQ
Q-00063121

How is a simple price index calculated?

1

Sum of all prices divided by number of prices

2

Average of price relatives

3

Ratio of current to base period prices multiplied by 100

4

Weighted average of all consumer prices

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What does an index number measure?

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Q2.

Which formula represents a simple aggregative price index?

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Q3.

What is meant by a weighted index number?

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Q4.

Which of the following is a limitation of simple index numbers?

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