zigya tab

In most of the weighted index numbers the weight pertains to:

 

  •  base year

  • current year

  • both base and current year


A.

 base year

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As index number which accounts for the relative importance of the items is knwon as:

  • weighted Index

  • simple aggregative Index

  • simple average of relatives


A.

weighted Index

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A consumer price index measures changes in:

 

  • retail prices

  •  whole sale prices

  • production prices


A.

retail prices

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The impact of change in the price of a commodity with little weight in the index will be:

  • small

  • large

  • uncertain


A.

small

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The item having the highest weight in consumer price index for industrial workers is:

 

  • food

  • housing

  • clothing


A.

food

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