Question

6. When the prices of rice are to be compared, we compute:
(A) Price Index
(B) Volume Index
(C) Value Index
(D) Aggregative index​

Answer 1

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Option D → Aggregative Index

Answer 2

Answer:

(A) Price Index

Whenever the prices of rice are to be analyzed, we process: Price Index

Explanation:

• The price index, a proportion of relative price changes, comprises a progression of numbers organized with the goal that a correlation between the qualities for any two periods or places will show the average change in prices between periods or the average distinction in prices between places.
•  In many nations price indexes are utilized to quantify inflation, each focusing on the prices of an assortment of goods and administrations essential to a specific fragment of the economy.