Q122
The current price index (base 1960) is nearly 330. This means that
A.
all items cost 3-3 times more than what they did in 1960
B.
the prices of certain selected items have gone up to 3-3 times
C.
weighted means of prices of certain item has increased 3-3 times
AnswerD.
gold price has gone up 3-3 times
Answer: Option C
Solution
Answer: Option C
Solution:
The current price index (base 1960) is nearly 330. This means that weighted means of prices of certain item has increased 3-3 times.