The relative importance of the items is accounted for in___.

Weighted index number

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Simple aggregative index number

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Simple average of relatives number

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
Weighted index number

Weighted index number is the index which accounts for the relative importance of the items.

Suggest Corrections

Similar questions

An index number which accounts for the relative importance of the items is known as

(i) weighted index

(ii) simple aggregative index

(iii) simple average of relatives

The drawbacks of the simple aggregative method are:

(I) The items with large unit prices have greater influence on the index.

(II) No weightage is given to the relative importance of the items.

Join BYJU'S Learning Program