UrbanPro

Take Class 12 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

Index number are constructed with certain specific objectives. So, their use is limited. In the context of this statement, discuss any four limitations.

Asked by Last Modified  

Follow 1
Answer

Please enter your answer

Trainer

The limitations of index number are as follows(i) Limited Applicability Index number are generally constructed for some specific purpose. Ifwe want to use these for some other purpose, the results may not be true. There are no all purpose index numbers. .(ii) International Comparison is not Possible...
read more

The limitations of index number are as follows
(i) Limited Applicability Index number are generally constructed for some specific purpose. If
we want to use these for some other purpose, the results may not be true. There are no all purpose index numbers. .
(ii) International Comparison is not Possible Due to difference in the unit of currency and also difference in the composition of production and consumption across the different countries, index number fail to facilitate international comparison.
(iii) Limited Coverage Index number are usually based on sample items. It is not practically possible to include all the commodities into the construction of index numbers. If the selected items are not able to represent the entire universe, then index numbers will not be true.
(iv) Difficulties in the Construction of Index Number The construction of index number involves several problems such as selection of base year, selection of commodities, selection of average, selection of source of data, etc.

read less
Comments

Related Questions

Which documents are required to be submitted to the bank for taking a house loan?
Identity Proof: Passport/ Driving License/ Voter ID/ PAN Address Proof: License/ Registered Rent Agreement/ Electricity Bill (up to 3 months old), Passport Employment Appointment Letter: Required if the...
Pavithra
0 0
9
How was the Zamindari system of land settlement responsible for the stagnation of Indian agriculture?
The zamindari system of land settlement was responsible for the stagnation of Indian agriculture because of the below-mentioned reasons(i) The zamindars were recognized as permanent owners of the soil.(ii)...
Hardik
0 0
7
Is coaching a good option in class 11?
Yes. Definitely it's always nice to have teachers guiding you . But one should never depend on classes completely . Make sure you clear your doubts and basic concepts if you join any class . If the course...
Divya
0 0
5
Should I join coaching in class 12 for the JEE? I haven't joined any coaching in class 11.
If you're serious about JEE, you should join a coaching institute. There are thousands of students out there studying from morning to late night and it's a hard nut to crack without proper coaching
Neeraj
0 0
8
Is B.Sc. option better than B.Tech. after Class 12?
This entirely depends upon your choice, ambition and your past academic performance all taken together commensurating with your own aptitude.While doing B.Sc. one thing should be kept in mind that after...
Avinash

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Banking
Functions of RBI: 1. Authority to issue currency: It has the sole authority to issue notes and coins in India except for one rupee note, and coins are issued by the ministry of finance. 2. Banker's...

How to get good marks in Economics?
Here are the tips: Make a flow chart for every topic/chapter Give to the point answer Be clear with all terms/important definitions Don't skip diaram wherever necessary Try to solve maximum types...
C

Characteristics/Qualities of Good Money - Class XII Economics (Macro-Economics)
Qualities/Characteristics of Good Money - HSC/SYJC/Class 12/Standard XII Macro-Economics - Commerce - Maharashtra State Board Also helpful for IGCSE/GCSE Economics and ICSE Class 10

Consumer Equilibrium
Basic Terms: 1.Utility:It refers to want satisfying power of the commodity.It is measured in utiles. 2.Types of Utilities: Tototal Utility: It refers to sum total of utility that is received from...

Mathematical Economics
Functions of one variable (DEMO) Reference book: Sydsaeter and Hammond Play with Graphs- Arihant Content plan for Day 1: Graphs of Functions: Special focus on trigonometric functions. All basic functions...

Recommended Articles

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Urmila is a passionate teacher with over 8 years of experience in teaching. She is currently pursuing her Ph. D. She provides classes for Class 11, Class 12, MBBS and Medical tuition.  Urmila began her career in teaching long before she became a teacher. She used to provide classes for foreign national students in her college...

Read full article >

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more