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Question Practice

In which context is the term 'weighted average' often discussed within index numbers?

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 which context is the term '...

Single Answer MCQ
Q-00063044

In which context is the term 'weighted average' often discussed within index numbers?

1

Consumer behavior analysis

2

Aggregate demand calculation

3

Index number construction

4

Mean income estimation

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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?

Single Answer MCQ
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Q4.

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

Single Answer MCQ
View explanation