UPSC 2002: 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?

The correct answer is option (b): 2 and 3. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.

This question was asked in UPSC CSE Prelims 2002, GS Paper 1, as Question 59. It falls under Indian Economy > Inflation & Price Indices.

This question is rated "moderate". It requires sound conceptual understanding of the topic.

UPSC has asked 14 questions from Inflation & Price Indices (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.