Multiple Choice Questions on Consider the following with reference to the Wholesale Price Index WPI The present WPI base is 2004 ........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Consider the following with reference to the Wholesale Price Index WPI The present WPI base is 2004 ...........

Economic Affairs Others
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    Consider the following with reference to the Wholesale Price Index (WPI).

    1. The present WPI base is 2004-05.
    2. It excludes consumer durables and precious metals.
    3. Highest weightage has been accorded to manufactured products in the index.

    Select the correct answer using the codes below.

    1 and 2 only

    Incorrect Answer

    3 only

    Correct Answer

    2 only

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    There are three major groups in WPI – Primary Articles, Fuel & Power and Manufacture Products.

    Highest weightage has been accorded to the manufactured products.

    Consumer durables are a part of the manufactured products category

    The WPI series base year, article composition and weightage has been revised to 2011-12 recently. The Office of the Economic Adviser takes the work relating to revision of the existing series of WPI.

    By: Pradeep Kumar
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