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Question Practice

What is the outcome if an index number is calculated without accounting for weights?

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 is the outcome if an inde...

Single Answer MCQ
Q-00063095

What is the outcome if an index number is calculated without accounting for weights?

1

Overestimation of overall change

2

Accurate representation of change

3

Underestimation of certain items

4

No significant impact observed

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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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