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If the cost of living index number for the people of a class is 200 for the
Statistics
Index Number Ex 1
Question
Updated
19 Aug 2026
If the cost of living index number for the people of a class is 200 for the year 2016 with respect to the year 2015, which of the following statements is true ?
A
Choose Your Answer
A
There is an average 200 per cent rise in ‘the current year prices of the items consumed by that class
B
There is an average 100 per cent decrease in the current year prices of the items consumed by that class
C
Purchasing power of money is. ₹ 0.5
D
The current year prices of the items consumed by that class are stable
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