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Question Practice

In the context of index numbers, what does an index value of 250 indicate?

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

In the context of index number...

Single Answer MCQ
Q-00063048

In the context of index numbers, what does an index value of 250 indicate?

1

Prices have decreased by 50%

2

Values are two and a half times that of the base period

3

Inflation has been constant

4

None of the above

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Q1.

What does an index number measure?

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Q2.

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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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