Solved EPFO APFC Question
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Q · Statistical ConceptsMedium · 45s
The measure of average used in constructing index numbers is
TopicStatistical Concepts
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.25
Test Duration30 min
Step-by-Step Solution
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Index numbers are generally based on weighted/unweighted arithmetic mean.
Final Answer: Option (A) Arithmetic Mean