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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?
(a)1, 2 and 3
(b)2 and 3
(c)1 and 3
(d)1 and 2
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Not attemptedCorrect Answer: (b) 2 and 3
The revised WPI series with base year 1993-94 actually came into effect on 1 April 2000, not 1998, so statement 1 is wrong. In that 1993-94 series the weight of Primary Articles fell by about 10 percentage points (making statement 2 correct) and the weight of Electricity (under Fuel & Power) rose from 11 % to about 14 % (statement 3 correct). Therefore only statements 2 and 3 are correct, matching option (b). ([licchavilyceum.com](https://licchavilyceum.com/upsc-civil-services-prelims-2002-solved-question-paper/))
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Frequently Asked Questions
What is the correct answer to this UPSC 2002 Indian Economy question?▼
The correct answer is option (b): 2 and 3. 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 2002, GS Paper 1, as Question 59. It falls under Indian Economy > Inflation & Price Indices.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
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.