{"id":21400,"date":"2024-04-15T06:05:43","date_gmt":"2024-04-15T06:05:43","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=21400"},"modified":"2024-04-15T06:05:43","modified_gmt":"2024-04-15T06:05:43","slug":"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-weig","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/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-weig\/","title":{"rendered":"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"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97dc0070fd3\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    all items cost 3-3 times more than what they did in 1960                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    the prices of certain selected items have gone up to 3-3 times                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    weighted means of prices of certain item has increased 3-3 times                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    gold price has gone up 3-3 times                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is C.<\/p>\n<p>The price index is a measure of the average change over time in prices paid by urban consumers for a market basket of consumer goods and services. The base period is the period for which the index is set at 100. The current price index (base 1960) is nearly 330. This means that the weighted mean of prices of certain items has increased 3.3 <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> times since 1960.<\/p>\n<p>Option A is incorrect because it is not necessarily true that all items cost 3-3 times more than what they did in 1960. The price index is a measure of the average change in prices, so it is possible that some items have gone up in price more than 3-3 times, while others have gone up in price less than 3-3 times, or even gone down in price.<\/p>\n<p>Option B is incorrect because it is not necessarily true that the prices of certain selected items have gone up to 3-3 times. The price index is a measure of the average change in prices, so it is possible that some items have gone up in price more than 3-3 times, while others have gone up in price less than 3-3 times, or <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> even gone down in price.<\/p>\n<p>Option D is incorrect because the price index is a measure of the average change in prices of consumer goods and services, not gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[207],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>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<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/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-weig\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"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\" \/>\n<meta property=\"og:description\" content=\"Join Our Telegram Channel Subscribe on YouTube\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/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-weig\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T06:05:43+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"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","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/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-weig\/","og_locale":"en_US","og_type":"article","og_title":"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","og_description":"Join Our Telegram Channel Subscribe on YouTube","og_url":"https:\/\/exam.pscnotes.com\/mcq\/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-weig\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T06:05:43+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/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-weig\/","url":"https:\/\/exam.pscnotes.com\/mcq\/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-weig\/","name":"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","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T06:05:43+00:00","dateModified":"2024-04-15T06:05:43+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/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-weig\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/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-weig\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/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-weig\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Indian Economy","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/indian-economy\/"},{"@type":"ListItem","position":4,"name":"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"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/21400"}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=21400"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/21400\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=21400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=21400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=21400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}