Economics · Index Numbers and National Accounting
Consider the following statements about Chain-Weighted Index Numbers: A. It uses weights updated at each period, reflecting current consumption patterns. B. It helps reduce substitution bias compared to fixed-base indices. C. The GDP deflator in India currently uses a chain-weighted method. D. A chain-weighted index always satisfies the factor reversal test. Which statements are CORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1A and B only✓
- 2A, B, and C only
- 3A, C, and D only
- 4A, B, C, and D
Correct answer
A and B only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Index Numbers and National Accounting MCQs →Want more practice questions on Index Numbers and National Accounting?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Index Numbers and National Accounting