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Choose the correct option: Statements that apply to weighted index numbers. a) Every commodity is given equal importance. b) It assigns suitable 'weights' to various commodities. - Economics

MCQ

Choose the correct option:

Statements that apply to weighted index numbers.

a) Every commodity is given equal importance.

b) It assigns suitable 'weights' to various commodities.

c) In most of the cases, quantities are used as weights.

d) Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.

Options

  • b, c and d

  • a, c and d

  • a, b and d

  • a, b, c and d

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Solution

b, c and d

Concept: Construction of Index Numbers
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 6 Index Numbers
Exercise | Q 1. (3) | Page 59
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