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Question Practice

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

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

Which of the following is a li...

Single Answer MCQ
Q-00063035

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

1

They are always weighted.

2

They do not show overall economic trends.

3

They do not reflect the relative importance of items.

4

They can be used for all commodity types.

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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.

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

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