GKFix MCQ Question

The current price index (base 1960) is nearly 330. This means that

• A. all items cost 3-3 times more than what they did in 1960
• B. the prices of certain selected items have gone up to 3-3 times
• C. weighted means of prices of certain item has increased 3-3 times
• D. gold price has gone up 3-3 times