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Question Practice

Which of the following statements regarding the All-India Combined Consumer Price Index is true?

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

Which of the following stateme...

Single Answer MCQ
Q-00104157

Which of the following statements regarding the All-India Combined Consumer Price Index is true?

1

It uses base year 2001=100

2

It measures inflation using a combined basket for urban and rural areas

3

It is prepared solely for agricultural products

4

It does not adjust for any changes in consumer preferences

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Q2.

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Q4.

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

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