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(I) The change in any price is reflected in an index number.
(II) The wholesale price index can be used to measure the monetary and real value of national income and expenditure.
  • a)
    True, True
  • b)
    True, False
  • c)
    False, False
  • d)
    False, True
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
(I) The change in any price is reflected in an index number.(II) The w...
The change in any price may or may not be reflected in a price index number as such index reflects the change in terms of averages. The wholesale price index can be used to measure the monetary and real value of national income and expenditure.
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(I) The change in any price is reflected in an index number.(II) The wholesale price index can be used to measure the monetary and real value of national income and expenditure.a)True, Trueb)True, Falsec)False, Falsed)False, TrueCorrect answer is option 'D'. Can you explain this answer?
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(I) The change in any price is reflected in an index number.(II) The wholesale price index can be used to measure the monetary and real value of national income and expenditure.a)True, Trueb)True, Falsec)False, Falsed)False, TrueCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about (I) The change in any price is reflected in an index number.(II) The wholesale price index can be used to measure the monetary and real value of national income and expenditure.a)True, Trueb)True, Falsec)False, Falsed)False, TrueCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for (I) The change in any price is reflected in an index number.(II) The wholesale price index can be used to measure the monetary and real value of national income and expenditure.a)True, Trueb)True, Falsec)False, Falsed)False, TrueCorrect answer is option 'D'. Can you explain this answer?.
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