Which of the following statement is true? a)Paasche’s index number is based on base year quantity…

Which of the following statement is true? a)Paasche’s index number is based on base year quantity…

Which of the following statement is true?
a)Paasche's index number is based on base year quantity
b)Fisher's index satisfies the circular test
c)Arithmetic mean is the most appropriate average for constructing the index number
d)Splicing means constructing one continuous series from two different indices on the basis of common base

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