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Question Practice

Why is it necessary for index numbers like CPI to have a base year?

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

Why is it necessary for index ...

Single Answer MCQ
Q-00104161

Why is it necessary for index numbers like CPI to have a base year?

1

To provide a reference point for comparison

2

To eliminate seasonal effects

3

To only cover the latest prices

4

To account for government interventions

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