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Question Practice

When is it most crucial to use accurate and reliable data in index number construction?

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

When is it most crucial to use...

Single Answer MCQ
Q-00063089

When is it most crucial to use accurate and reliable data in index number construction?

1

Always

2

When constructing a price index

3

During revision of the base year

4

Only when using secondary data sources

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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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