Question

5. The point to be consider
while construction price index
number are.
O a. Selection of commodities
O b. Selection of weights
O
c. Selection of base period
O
d. All of these​

Answer 1

Answer:

The selection of the base period is the most important step in the construction of an index number. It is a period against which comparisons are made. The base period should be normal and free from any unusual events such as war, famine, earthquake, drought, boom, etc. It should not be either very recent or remote.