Multiple Choice Questions on The annual rate of Wholesale Price Index WPI stood at 7 39 for the month of March 2021 over March 20........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

The annual rate of Wholesale Price Index WPI stood at 7 39 for the month of March 2021 over March 20...........

Economic Affairs Inflation
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    The annual rate of Wholesale Price Index (WPI) stood at 7.39% for the month of March, 2021 over March, 2020 which is the highest wholesale inflation rate since October 2012. Apart from the pandemic caused by covid-19, what could be the reasons for the surge in WPI?

    1. Supply disruptions
    2. Depreciation of Rupee
    3. Rise in price of commodities

    3 only

    Correct Answer

    1 and 2 only

    Incorrect Answer

    2 and 3 only

    Incorrect Answer

    1, 2 and 3

    Incorrect Answer
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    Explanation:

    Cause of surge in WPI:

    1. Supply disruptions
    2. Depreciation of Rupee
    3. Rise in price of commodities
    4. Unreliability of data
    5. Seasonality of products

    By: Atika
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