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Choose the correct option: Statements related to limitations of index numbers. a) Index numbers are not completely reliable. b) There may be a bias in the data collected. - Economics

MCQ

Choose the correct option:

Statements related to limitations of index numbers.

a) Index numbers are not completely reliable.

b) There may be a bias in the data collected.

c) Every formula has some kind of defect.

d) Index numbers ignore changes in the qualities of products.

Options

  • a, c and d

  • a, b, c and d

  • a, b and d

  • b, c and d

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Solution

a, b, c and d

Concept: Limitations of Index Numbers
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 6 Index Numbers
Exercise | Q 1. (4) | Page 59
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