Edzy
AI TutorResourcesToolsCompareBuy
SearchDownload AppLogin
Edzy

Edzy for Classes 6-12

Edzy is a personal AI tutor for CBSE and State Board students, with curriculum-aligned guidance, practice, revision, and study plans that adapt to each learner.

  • Email: always@edzy.ai
  • Phone: +91 96256 68472
  • WhatsApp: +91 96256 68472
  • Address: Sector 63, Gurgaon, Haryana

Follow Edzy

Browse by Class

  • CBSE Class 6
  • CBSE Class 7
  • CBSE Class 8
  • CBSE Class 9
  • CBSE Class 10
  • CBSE Class 11
  • CBSE Class 12
Explore the CBSE resource hub

Explore Edzy

  • Study Resources
  • Free Study Tools
  • Best Apps for Board Exams
  • Edzy vs ChatGPT
  • About Us
  • Why We Built Edzy
  • Blog
  • CBSE AI Tutor

Support & Legal

  • Help & FAQs
  • Accessibility
  • Privacy Policy
  • Terms & Conditions
  • Refund Policy
  • Cookie Policy
  • Site Directory

© 2026 Edzy. All rights reserved.

Curriculum-aligned learning paths for students in Classes 6-12.

IN
Question Practice

Which formula represents a simple aggregative price index?

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

Which formula represents a sim...

Single Answer MCQ
Q-00063033

Which formula represents a simple aggregative price index?

1

P01 = (ΣP1 / ΣP0) × 100

2

P01 = (Σwp1 / Σwp0) × 100

3

P01 = (ΣP1 - ΣP0) / ΣP0 × 100

4

P01 = (wp1 / p0) × 100

Previous QuestionNext Question

Video Explanation

Answer

Solution:

Watch Video Solution

Login to get access

Keep Practising

Students who asked this also explored

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
View explanation
Q2.

What is meant by a weighted index number?

Single Answer MCQ
View explanation
Q3.

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

Single Answer MCQ
View explanation
Q4.

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

Single Answer MCQ
View explanation