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I
Question Practice

What is the role of numerical indices in economic statistics?

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
Introduction
Question Bank

What is the role of numerical ...

Single Answer MCQ
Q-00062578

What is the role of numerical indices in economic statistics?

1

To replace qualitative assessments

2

To condense extensive data into interpretable figures

3

To only focus on emotional impacts

4

To reduce the need for standardization

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