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Question Practice

Which situation does NOT justify the need for constructing 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 situation does NOT justi...

Single Answer MCQ
Q-00063118

Which situation does NOT justify the need for constructing an index number?

1

Evaluating the performance of a stock market index.

2

Comparing different companies' profitability.

3

Measuring changes in overall living costs.

4

Assessing economic growth over years.

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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?

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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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