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Read the following passage and answer the questions that follow:
The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of wholesale price in India for the month of June, 2020 (Provisional) and for the month of April, 2020 (Final).
In view of the limited transactions of products in the wholesale market in the month of April, 2020, due to spread of Covid-19 pandemic, it has been decided to release the Price Movement of selected Subgroups/Groups of WPI.
Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.
The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.
The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.
Q. Which index number is being prepared by the office of Economic Adviser, Department for Promotion of Industry and Internal Trade?
  • a)
    Consumer Price Index
  • b)
    Wholesale Price Index
  • c)
    Industrial Price Index
  • d)
    All of the above
Correct answer is option 'B'. Can you explain this answer?
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Read the following passage and answer the questions that follow:The O...
The Wholesale Price Index is the price of a representative basket of wholesale goods. Some countries use WPI changes as a central measure of inflation. But now India has adopted a new CPI to measure inflation. However, the United States now reports a producer price index instead.
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Read the following passage and answer the questions that follow:The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of wholesale price in India for the month of June, 2020 (Provisional) and for the month of April, 2020 (Final).In view of the limited transactions of products in the wholesale market in the month of April, 2020, due to spread of Covid-19 pandemic, it has been decided to release the Price Movement of selected Subgroups/Groups of WPI.Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. The wholesale price index is created with reference to the ..................... received from institutional sources.

Read the following passage and answer the questions that follow:The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of wholesale price in India for the month of June, 2020 (Provisional) and for the month of April, 2020 (Final).In view of the limited transactions of products in the wholesale market in the month of April, 2020, due to spread of Covid-19 pandemic, it has been decided to release the Price Movement of selected Subgroups/Groups of WPI.Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. What is an index number?

Direction: Read the following text and answer the below questions :Radio XYZ is a company which has improved its functioning by proper management. The company has been good in deciding and completing targets. In the previous meeting, it was decided that in coming years, company could show increase in the number of workers, number of products produced and also the sales turnover. However, recently it earned a negative reputation under the impact of resignations put forth by two of its departmental heads. These departmental heads were experts in their fields. One was leading the marketing department and the other was a scientist of repute who headed the manufacturing department. In the top-level management meeting it was found that such departmental heads who were specialists in their areas cannot be tackled by unity of command. They were egoistic as they were specialists.After the meeting, things started to change for the organisation as all the departments started to work with one single target of giving back the company its lost fame. There was a combined effort which doubled the revenue of the organisation. A special regulation system of including every level manager was brought into action. Thus, the overall functioning of the organization improved.“… as all the departments started to work with one single target of giving back the company its lost fame.” Identify the feature of coordination being discussed above

Direction: Read the following text and answer the below questions :Radio XYZ is a company which has improved its functioning by proper management. The company has been good in deciding and completing targets. In the previous meeting, it was decided that in coming years, company could show increase in the number of workers, number of products produced and also the sales turnover. However, recently it earned a negative reputation under the impact of resignations put forth by two of its departmental heads. These departmental heads were experts in their fields. One was leading the marketing department and the other was a scientist of repute who headed the manufacturing department. In the top-level management meeting it was found that such departmental heads who were specialists in their areas cannot be tackled by unity of command. They were egoistic as they were specialists.After the meeting, things started to change for the organisation as all the departments started to work with one single target of giving back the company its lost fame. There was a combined effort which doubled the revenue of the organisation. A special regulation system of including every level manager was brought into action. Thus, the overall functioning of the organization improved.Identify the feature of management highlighted above

Direction: Read the following text and answer the below questions :Radio XYZ is a company which has improved its functioning by proper management. The company has been good in deciding and completing targets. In the previous meeting, it was decided that in coming years, company could show increase in the number of workers, number of products produced and also the sales turnover. However, recently it earned a negative reputation under the impact of resignations put forth by two of its departmental heads. These departmental heads were experts in their fields. One was leading the marketing department and the other was a scientist of repute who headed the manufacturing department. In the top-level management meeting it was found that such departmental heads who were specialists in their areas cannot be tackled by unity of command. They were egoistic as they were specialists.After the meeting, things started to change for the organisation as all the departments started to work with one single target of giving back the company its lost fame. There was a combined effort which doubled the revenue of the organisation. A special regulation system of including every level manager was brought into action. Thus, the overall functioning of the organization improved.“…company could show increase in the number of workers, number of products produced and also the sales turnover.” Identify the type of objective being discussed.

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Read the following passage and answer the questions that follow:The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of wholesale price in India for the month of June, 2020 (Provisional) and for the month of April, 2020 (Final).In view of the limited transactions of products in the wholesale market in the month of April, 2020, due to spread of Covid-19 pandemic, it has been decided to release the Price Movement of selected Subgroups/Groups of WPI.Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. Which index number is being prepared by the office of Economic Adviser, Department for Promotion of Industry and Internal Trade?a)Consumer Price Indexb)Wholesale Price Indexc)Industrial Price Indexd)All of the aboveCorrect answer is option 'B'. Can you explain this answer?
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Read the following passage and answer the questions that follow:The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of wholesale price in India for the month of June, 2020 (Provisional) and for the month of April, 2020 (Final).In view of the limited transactions of products in the wholesale market in the month of April, 2020, due to spread of Covid-19 pandemic, it has been decided to release the Price Movement of selected Subgroups/Groups of WPI.Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. Which index number is being prepared by the office of Economic Adviser, Department for Promotion of Industry and Internal Trade?a)Consumer Price Indexb)Wholesale Price Indexc)Industrial Price Indexd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the following passage and answer the questions that follow:The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of wholesale price in India for the month of June, 2020 (Provisional) and for the month of April, 2020 (Final).In view of the limited transactions of products in the wholesale market in the month of April, 2020, due to spread of Covid-19 pandemic, it has been decided to release the Price Movement of selected Subgroups/Groups of WPI.Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. Which index number is being prepared by the office of Economic Adviser, Department for Promotion of Industry and Internal Trade?a)Consumer Price Indexb)Wholesale Price Indexc)Industrial Price Indexd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. 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After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. Which index number is being prepared by the office of Economic Adviser, Department for Promotion of Industry and Internal Trade?a)Consumer Price Indexb)Wholesale Price Indexc)Industrial Price Indexd)All of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. Which index number is being prepared by the office of Economic Adviser, Department for Promotion of Industry and Internal Trade?a)Consumer Price Indexb)Wholesale Price Indexc)Industrial Price Indexd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. 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After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. Which index number is being prepared by the office of Economic Adviser, Department for Promotion of Industry and Internal Trade?a)Consumer Price Indexb)Wholesale Price Indexc)Industrial Price Indexd)All of the aboveCorrect answer is option 'B'. 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After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. Which index number is being prepared by the office of Economic Adviser, Department for Promotion of Industry and Internal Trade?a)Consumer Price Indexb)Wholesale Price Indexc)Industrial Price Indexd)All of the aboveCorrect answer is option 'B'. 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After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. Which index number is being prepared by the office of Economic Adviser, Department for Promotion of Industry and Internal Trade?a)Consumer Price Indexb)Wholesale Price Indexc)Industrial Price Indexd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following passage and answer the questions that follow:The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of wholesale price in India for the month of June, 2020 (Provisional) and for the month of April, 2020 (Final).In view of the limited transactions of products in the wholesale market in the month of April, 2020, due to spread of Covid-19 pandemic, it has been decided to release the Price Movement of selected Subgroups/Groups of WPI.Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. After 10 weeks, the index is finalized and final figures are released and then frozen thereafter.The annual rate of inflation, based on monthly WPI, stood at (– 1.81%) (Provisional) for the month of June, 2020 (over June, 2019) as compared to 2.02% during the corresponding month of the previous year.The index for the primary articles increased by (2.28%) to 139.3 (provisional) in June, 2020 from 136.2 (provisional) for the month of May, 2020. Prices of Crude Petroleum & Natural Gas (16.30%), Food Articles (1.97%) and Non Food Articles (1.71%) increased as compared to May, 2020. Prices of Minerals (– 1.72 %) declined as compared to May 2020.Q. Which index number is being prepared by the office of Economic Adviser, Department for Promotion of Industry and Internal Trade?a)Consumer Price Indexb)Wholesale Price Indexc)Industrial Price Indexd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
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