Discussion :: Indian Economy
- The current price index (base 1960) is nearly 330. This means that
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A.
all items cost 3-3 times more than what they did in 1960 |
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B.
the prices of certain selected items have gone up to 3-3 times |
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C.
weighted means of prices of certain item has increased 3-3 times |
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D.
gold price has gone up 3-3 times |
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Answer : Option C
Explanation :
The current price index (base 1960) is nearly 330. This means that weighted means of prices of certain item has increased 3-3 times.
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