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Question Practice

In the context of index numbers, which statement about base periods is true?

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-00063131

In the context of index numbers, which statement about base periods is true?

1

Base periods are always recent.

2

They are arbitrary and can change at any time.

3

They must be relevant to consumer behavior.

4

They disregard historical price levels.

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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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