Choose the most appropriate option (a) (b) (c) or (d)
Q.A series of numerical figures which show the relative position is called
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_________ play a very important part in the construction of index nos.
________ is particularly suitable for the construction of index nos.
Index nos. show _________ changes rather than absolute amounts of change.
A ratio or an average of ratios expressed as a percentage is called
The value at the base time period serves as the standard point of comparison
An index time series is a list of _______ nos. for two or more periods of time
__________ is a point of reference in comparing various data describing individual behaviour.
The ratio of price of single commodity in a given period to its price in another period is called the
When the product of price index and the quantity index is equal to the corresponding value index then
The formula should be independent of the unit in which or for which price and quantities are quoted in
The choice of suitable base period is at best temporary solution