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UPSC 1997: In India, inflation is measured by the
(a)Wholesale Price Index Number
(b)Consumers Price Index for urban non-manual workers
(c)Consumers Price Index for agricultural workers
(d)National Income deflation
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Not attemptedCorrect Answer: (a) Wholesale Price Index Number
Until 2014 the official headline inflation in India was released weekly on the basis of the Wholesale Price Index (WPI); CPI series were used mainly for specific groups but not for the headline figure. MOSPI notes that “the commonly-used measure of inflation in the Indian economy is based on the WPI,” so option (a) is correct while the CPI variants and deflator listed in the other options were not the primary yardsticks. ([mospi.gov.in](https://mospi.gov.in/114-national-wholesale-price-index-number?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 1997 Indian Economy question?▼
The correct answer is option (a): Wholesale Price Index Number. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Inflation & Price Indices question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 1997, GS Paper 1, as Question 67. It falls under Indian Economy > Inflation & Price Indices.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from Inflation & Price Indices?▼
UPSC has asked 15 questions from Inflation & Price Indices (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.