Question

state any three characteristics of index number

Answer 1

Answer:

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The following are the main features of index numbers:

The construction of the price index numbers involves the following steps or problems:

Selection of Base Year:

Selection of Commodities:

In selecting items, the following points are to be kept in mind:

Collection of Prices:

Answer 2

Answer:

Features of Index Numbers:

1 The following are the main features of index numbers:

2 The construction of the price index numbers involves the following steps or problems:

3 Selection of Base Year:

4 Selection of Commodities:

5 In selecting items, the following points are to be kept in mind:

6 Collection of Prices: