In constructing index numbers, which of the following are reasons to shift the base year ?

i. Dispersion of price relatives may become so great that no average is reliable.

ii. Due to currency depreciation, population growth, technological advancements etc.

iii. Major changes in consumption pattern.

iv. The quality of many commodities changes progressively with time. 

1
i, ii, iii and iv 
2
i, ii and iii
3
i and ii
4
only i

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