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Question Practice

What is the primary purpose of the Wholesale Price Index?

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MCQ_SA
CBSE
Class 11
Economics
Statistics for Economics
Index Numbers
Question Bank

What is the primary purpose of...

Single Answer MCQ
Q-00063130

What is the primary purpose of the Wholesale Price Index?

1

Reflect consumer prices

2

Indicate general price level changes in wholesale trade

3

Identify agricultural price changes only

4

Measure the employment rates in wholesale trade

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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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