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.This Question Belongs to General Knowledge >> Indian Economy
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