Question 15 of 35
Q.Assertion and reasoning question:
Assertion (A): The index number considers all factors.
Reasoning (R): The index number is based on samples.
(a) Assertion (A) is true but Reasoning (R) is false.
(b) Assertion (A) is false but Reasoning (R) is true.
(c) Both statements (A) and (R) are true and (R) is the correct explanation of (A).
(d) Both statements (A) and (R) are true and (R) is not the correct explanation of (A).
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2022MCQ· 1mImportance★★★★★
43% · 15/35 Questions
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Start your 14-day free trial to unlock the full solution →The correct option is Assertion (A) is false but Reasoning (R) is true.
An index number measures the relative change in a group of related variables (like prices) over time. It is constructed from a sample of representative items, not from every single commodity or factor in the economy — so reasoning (R) is true. Precisely because it rests on samples, an index number does not consider all factors; it gives only an a …
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