🎴 Flashcard Mode

Introduction to index numbers - class-XII

Card1 / 45

Mastered0

Review0

QuestionClick to flip

Index for base period is always taken as:

AnswerClick to flip back

$100$

💡 Explanation:

$\Rightarrow$ Index for base period is always taken as : $100$.

$\Rightarrow$ A base year is the first of a series of years in an economic or financial index. It is typically set to an arbitrary level of 100.

$\Rightarrow$ New, up-to-date base years are periodically introduced to keep data current in a particular index.

$\Rightarrow$ Any year can serve as a base year, but analysts typically choose recent years.