True/False

Questions

5 questions · self-marked practice — reveal the answer and mark yourself.

Question 11 Mark

Simple Aggregative method is the complicated method of constructing index numbers. (True/ False)

Answer

False.
Explanation:
Simple aggregative method is the simplest method of constructing index number.

Question 21 Mark

There are the two types of index numbers. (True/ False)

Answer

False.
Explanation:
There are three types of index numbers, i.e., price index, quantity index, value index.

Question 31 Mark

In unweighted index, different items are given unequal importance. (True/ False)

Answer

False.
Explanation:
In unweighted index, different items are given equal importance.

Question 41 Mark

Selection of base year is one problem in constructing index number. (True/ False)

Answer

True.Explanation:
It is difficult to select the base year while calculating index number.

Question 51 Mark

The price index numbers measures the general change in price between the current year and the base year. (True/ False)

Answer

True.Explanation:
General price is to measure the value of money.

True/False - Economics STD 11 Commerce Questions - Vidyadip

Economics True/False