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Question Practice

What does an index number measure?

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

What does an index number measure?

Single Answer MCQ
Q-00063032

What does an index number measure?

1

The total quantity of goods

2

The change in price levels

3

The physical volume of production

4

The average wage of workers

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Q1.

Which formula represents a simple aggregative price index?

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Q2.

What is meant by a weighted index number?

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Q3.

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

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Q4.

What does a Consumer Price Index (CPI) of 277 mean for an industrial worker compared to the base year?

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