Time reversal test in index numbers implies that if the base and current periods are interchanged, the resulting index should be the ______ of the original. MCQ with Answer and Explanation

Time reversal test in index numbers implies that if the base and current periods are interchanged, the resulting index should be the ______ of the original.
A. Half
B. Reciprocal
C. Double
D. Square
Answer: Option B
Solution (By JKExamLibrary)
P₀₁ × P₁₀ = 1, i.e., they are reciprocals.

This question belongs to: Accountancy and Statistics Statistics

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