Question

• Assertion (A): In Simple Index number, every commodity is given equal importance.
• Reasoning (R): Simple index number includes price index and quantity index.

Options

• (A) is true but (R) is false.

• (A) is false but (R) is true.

• Both (A) and (R) are true and (R) is the correct explanation of (A).

• Both (A) and (R) are true and (R) is not the correct explanation of (A).

Answer 1

Both (A) and (R) are true and (R) is the correct explanation of (A).