2018 A/L Economics – Past Paper MCQ 29

Sanath Withanage

Question:

What is the base year of the National Consumer Price Index in Sri Lanka?
(1) 1951
(2) 2006/07
(3) 2010
(4) 2012/13
(5) 2014

Correct Answer:

(4)

Answer Explanation:

The National Consumer Price Index (NCPI) utilized by the Central Bank of Sri Lanka for the relevant syllabus period used the weights derived from the Household Income and Expenditure Survey (HIES) conducted during the 2012/2013 period as its foundational base year.


Topic: Inflation Year: 2018

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