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With reference to India, consider the following statements:
1. The Wholesale Price Index (WPI) in India is available on a monthly basis only.
2. As compared to Consumer Price Index for Industrial Workers (CPIIW), the WPI gives less weight to food articles.
1. The Wholesale Price Index (WPI) in India is available on a monthly basis only.
2. As compared to Consumer Price Index for Industrial Workers (CPIIW), the WPI gives less weight to food articles.
Which of the statements given above is/are correct?
[2010]
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
With reference to India, consider the following statements:1. The Whol...
Statement Analysis:
Statement 1:
The Wholesale Price Index (WPI) in India is available on a monthly basis only.
- This statement is correct. The Wholesale Price Index (WPI) is released by the Office of Economic Adviser, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India on a monthly basis.
Statement 2:
As compared to Consumer Price Index for Industrial Workers (CPIIW), the WPI gives less weight to food articles.
- This statement is also correct. The Wholesale Price Index (WPI) gives less weight to food articles compared to the Consumer Price Index for Industrial Workers (CPIIW). The WPI focuses more on the prices of goods at the wholesale level, including manufactured products, fuel, and non-food articles.
Therefore, the correct answer is option 'B' - 2 only.
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Community Answer
With reference to India, consider the following statements:1. The Whol...
Alter the Abhijit Sen committee’s proposals in 2004-05, the government had approved the proposal to release or wholesale price based inflation data on a monthly basis, instead of every week. The base year was changed to 2004-05 from 1993-94. However data on primary and fuel items was continued to release on a weekly basis. Consumer Price Index food group has a weight of 39.1 percent as compared to the combined weight of 24.4 percent (food articles and Manufactured food products) in wholesale Price Index food basket.
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With reference to India, consider the following statements:1. The Wholesale Price Index (WPI) in India is available on a monthly basis only.2. As compared to Consumer Price Index for Industrial Workers (CPIIW), the WPI gives less weight to food articles.Which of the statements given above is/are correct?[2010]a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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With reference to India, consider the following statements:1. The Wholesale Price Index (WPI) in India is available on a monthly basis only.2. As compared to Consumer Price Index for Industrial Workers (CPIIW), the WPI gives less weight to food articles.Which of the statements given above is/are correct?[2010]a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to India, consider the following statements:1. The Wholesale Price Index (WPI) in India is available on a monthly basis only.2. As compared to Consumer Price Index for Industrial Workers (CPIIW), the WPI gives less weight to food articles.Which of the statements given above is/are correct?[2010]a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to India, consider the following statements:1. The Wholesale Price Index (WPI) in India is available on a monthly basis only.2. As compared to Consumer Price Index for Industrial Workers (CPIIW), the WPI gives less weight to food articles.Which of the statements given above is/are correct?[2010]a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
With reference to India, consider the following statements:1. The Wholesale Price Index (WPI) in India is available on a monthly basis only.2. As compared to Consumer Price Index for Industrial Workers (CPIIW), the WPI gives less weight to food articles.Which of the statements given above is/are correct?[2010]a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to India, consider the following statements:1. The Wholesale Price Index (WPI) in India is available on a monthly basis only.2. As compared to Consumer Price Index for Industrial Workers (CPIIW), the WPI gives less weight to food articles.Which of the statements given above is/are correct?[2010]a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to India, consider the following statements:1. The Wholesale Price Index (WPI) in India is available on a monthly basis only.2. As compared to Consumer Price Index for Industrial Workers (CPIIW), the WPI gives less weight to food articles.Which of the statements given above is/are correct?[2010]a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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