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Question Practice

Which of the following is NOT typically a characteristic of a good base year for an index number?

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 of the following is NOT ...

Single Answer MCQ
Q-00063077

Which of the following is NOT typically a characteristic of a good base year for an index number?

1

Represents normal economic conditions

2

Contains extreme values

3

Is not too far in the past

4

Is relevant to the items being measured

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Q1.

What does an index number measure?

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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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