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

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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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