Which expenditure of items is assigned as weights in the method of fam – InterviewSolution

1.	Which expenditure of items is assigned as weights in the method of family budget?(a) Expenditure of selected year(b) Average annual expenditure(c) Expenditure of base year(d) Expenditure of current year
Answer» Correct option is (c) Expenditure of base year

Discussion

No Comment Found

Related InterviewSolutions

Define the cost of living index number.
Which index number is used in India to find the rate of dearness allowance ?
State the main difference between fixed base method and chain base method.
State the main difference between explicit weight and implicit weight.
State the uses of cost of living index number.
Why is Fisher’s index number called an ideal number?
Give the meaning of cost of living index number and state the points to be considered for its construction.
What is weight in the construction of index numbers ? State the types of weight.
Which is the appropriate average for the construction of index number ?
Which index number gives idea of the standard of living of people ?(a) Index number of industrial production(b) Quantity index number(c) Fisher’s index number(d) Cost of living index number