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

Solution(By Examveda Team)

The current price index (base 1960) is nearly 330. This means that weighted means of prices of certain item has increased 3-3 times.