This index measures the change from month to month in the cost of a representative‘basket’ of goods and services of the type bought by a typical household

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Question:

This index measures the change from month to month in the cost of a representative‘basket’ of goods and services of the type bought by a typical household

A.

paasche price index

B.

retail price index

C.

laspeyres price index

D.

financial times index

Answer» b. retail price index

Note: The above multiple-choice question is for all general and Competitive Exams in India.