SawaalBoxसवाल बॉक्स
2002 · Q59Indian EconomyInflation & Price Indicesmoderate

With reference to the Wholesale Price Index (WPI), consider the following statements: 1. The new WPI series with base 1993-94 = 100 became effective from April 1998. 2. In the new WPI series, became effective from 1 April 2000. 3. The weight for electricity has increased in the new WPI series. Which of these statements are correct?

  1. (a)1, 2 and 3
  2. (b)2 and 3
  3. (c)1 and 3
  4. (d)1 and 2
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Official answer(b) 2 and 3

2020 · Q67Indian EconomyInflation & Price Indiceseasy

Consider the following statements : 1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). 2. The WPI does not capture changes in the prices of services, which CPI does. 3. Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates. Which of the statements given above is/are correct ?

  1. (a)1 and 2 only
  2. (b)2 only
  3. (c)3 only
  4. (d)1, 2 and 3
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Official answer(a) 1 and 2 only

2015 · Q87Indian EconomyInflation & Price Indiceseasy

With reference to inflation in India, which of the following statements is correct?

  1. (a)Controlling the inflation in India is the responsibility of the Government of India only
  2. (b)The Reserve Bank of India has no role in controlling the inflation
  3. (c)Decreased money circulation helps in controlling the inflation
  4. (d)Increased money circulation helps in controlling the inflation
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Official answer(c) Decreased money circulation helps in controlling the inflation

2011 · Q4Indian EconomyInflation & Price Indicesmoderate

India has experienced persistent and high food inflation in the recent past. What could be the reasons? 1. Due to a gradual switchover to the cultivation of commercial crops, the area under the cultivation of food grains has steadily decreased in the last five years by about 30%. 2. As a consequence of increasing incomes, the consumption patterns of the people have undergone a significant change. 3. The food supply chain has structural constraints. Which of the statements given above are correct?

  1. (a)1 and 2 only
  2. (b)2 and 3 only
  3. (c)1 and 3 only
  4. (d)1, 2 and 3
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Official answer(b) 2 and 3 only