General Knowledge - Indian Economy - Discussion

Discussion :: Indian Economy - Indian Economy (Q.No.41)


The current price index (base 1960) is nearly 330. This means that

[A]. all items cost 3-3 times more than what they did in 1960
[B]. the prices of certain selected items have gone up to 3-3 times
[C]. weighted means of prices of certain item has increased 3-3 times
[D]. gold price has gone up 3-3 times

Answer: Option C


No answer description available for this question.

Lovely said: (Feb 14, 2014)  
Please give explanation of this answer ?

Ayush Malviya said: (Jul 29, 2014)  
It means when in 1960 Say the price is 100 & presently is 330 Means on average basis prices are increased to 3.3 Times than in 1960.

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