Base Effect remains in news, which of following statement is true about Base Effect:
A. It is Change in numbers of items for which price quotations are taken
B. It measures Impact of fuel items on inflation
C. Impact of the rise in price level in the previous year over the rise in price level in the current year
D. Problem due to miscalculation
Answer:C
Base Effect remains in news, which of following statement is true about Base Effect:
A. It is Change in numbers of items for which price quotations are taken B. It measures Impact of fuel items on inflation C. Impact of the rise in price level in the previous year over the rise in price level in the current year D. Problem due to miscalculation