Question

Index numbers are _______ averages. (Fill in the blank by choosing correct option)
1) Multiple
2) Simple
3) Specialised
4) Joint

Answer 1

Index numbers are specialised averages.

Answer 2

Explanation:

Index numbers are specialized averages. Therefore, the right answer of the given question is option 3) specialized. You can do further readings to have a clear understanding of the same. You can even discuss the same with your teacher or among your friend group. You can even search the internet and various discussion forums to better understand the index numbers.