Q76Section I (Objective (Q1–Q80))76 of 80
Index Numbers & Time Series — factors considered in price index construction
In the construction of a price index number, which of the following factors has/have to be considered? I. The selection of commodities must be representative. II. Comparison across different places whether national or international must be possible. III. It must be applicable to each individual within the group for which the index is being prepared. Select the correct answer using the code given below.
Pick an option to check your answer. In a mock test a wrong answer here costs 0.83 mark.