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Statements related to limitations of index numbers. Index numbers are not completely reliable. There may be a bias in the data collected. Every formula has some kind of defect. Index numbers - Economics

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Question

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Options

  • a, c and d

  • a, b, c and d

  • a, b and d

  • b, c and d

MCQ

Solution

a, b, c and d

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Chapter 6: Index Numbers - EXERCISE [Page 59]

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Balbharati Economics [English] 12 Standard HSC
Chapter 6 Index Numbers
EXERCISE | Q 1. 4) | Page 59

RELATED QUESTIONS

State with reason whether you agree or disagree with the following statement:

Index numbers are free from limitations.


Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to the limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable. 
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected. 
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.

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