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Question Practice

If the price of a commodity with little weight in the index increases, what is its impact?

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

If the price of a commodity wi...

Single Answer MCQ
Q-00063103

If the price of a commodity with little weight in the index increases, what is its impact?

1

Significant increase in index value

2

Minor effect on index value

3

No change at all

4

Bigger effect than expected

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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?

Single Answer MCQ
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Q2.

Which formula represents a simple aggregative price index?

Single Answer MCQ
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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?

Single Answer MCQ
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