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Question Practice

If the value of a weighted index increases significantly, what could be a likely reason?

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 value of a weighted ind...

Single Answer MCQ
Q-00104160

If the value of a weighted index increases significantly, what could be a likely reason?

1

All items have experienced equal price increases

2

Only the most important items have experienced greater price increases

3

The average price of items has decreased

4

The total quantity consumed has decreased

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Q1.

What does an index number measure?

Single Answer MCQ
View explanation
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?

Single Answer MCQ
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Q4.

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

Single Answer MCQ
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