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Pradeep Sikarwar • 9.01K Points
Tutor III Economic 

Q. 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
Correct Answer - Option(C)

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