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Question Practice

How often should the base year for an index ideally be revised?

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 often should the base year...

Single Answer MCQ
Q-00063045

How often should the base year for an index ideally be revised?

1

Every five years

2

At least once a decade

3

Annually based on market needs

4

Every twenty years

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What is meant by a weighted index number?

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Q4.

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