Question

Consider the following statements :
A. Cost of living at two different cities can be compared with volume index.
B. When the prices of rice are to be compared we use price index.
C. In Laspeyre's price index number weight is considered as price in current year.
D. Purchasing power of money can be assessed through consumer price index.
E. Fisher Index number is called ideal index number.
Choose the correct answer from the options given below :

• A. A and B only
• B. B, D and E only
• C. A, B and C only
• D. C only

Answer 1

Answer: (B)

B, D and E only

Answer 2

The correct option is (B) :B, D and E only.