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Question Practice

Which of the following correctly describes the role of index numbers?

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

Which of the following correct...

Single Answer MCQ
Q-00063126

Which of the following correctly describes the role of index numbers?

1

They measure physical quantities only.

2

They provide a measure of return on investments.

3

They allow comparison of economic data across time.

4

They are used for tax calculations only.

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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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