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Choose the correct option: Statements that highlight the significance of index numbers. a) Index numbers are useful for making future predictions. b) Index numbers help in the measurement - Economics

MCQ

Choose the correct option:

Statements that highlight the significance of index numbers.

a) Index numbers are useful for making future predictions.

b) Index numbers help in the measurement of inflation.

c) Index numbers help to frame suitable policies.

d) Index numbers can be misused.

Options

  • b, c and d

  • a, c and d

  • a, b and d

  • a, b and c

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Solution

a, b and c

Concept: Significance of Index Numbers in Economics
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 6 Index Numbers
Exercise | Q 1. (2) | Page 59
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