Question

Read the following passage and answer questions (24-27):

In case of consumer price index number, the basic purpose is to know cost of

living of a specified group of consumers in the society. In case of wholesale price

index number, the basic purpose is to assess the situations of overall demand and

supply in the economy. Wholesale price index focuses on the rate of inflation in

the economy.

24) Consumer price index is also known as:

a) Wholesale index number

b) Cost of living index number

c) Simple aggregative number
d) Weighted aggregative number

25) Wholesale price indices focus on the rate of ___________in the economy.

a) Inflation

b) Deflation

c) Both (a) and (b)

d) None of these

26) State one use of Consumer price index number.

27) The formula for Consumer price index by the Family Budget Method is_____​

Answer 1

Explanation:

we can't understand the question properly more briefly about the present question