Loading...
UPSC 2010: With reference to India, consider the following statements: 1. The Wholesale Price Index (WPI) in India is available on a monthly basis only. 2. As compared to Consumer Price Index for Industrial Workers (CPI(IW)), the WPI gives less weight to food articles. Which of the statements given above is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
Attempt This Question
Not attemptedCorrect Answer: (c) Both 1 and 2
1. After October 2009 headline WPI began to be released only on a monthly basis; weekly dissemination was confined to sub-groups and was formally discontinued in 2012, so Statement 1 is treated as correct. 2. Food items carry about 24 % weight in WPI but roughly 46 % in CPI-IW, so Statement 2 is correct. Therefore both statements are correct (option c). ([business-standard.com](https://www.business-standard.com/article/economy-policy/govt-discontinues-weekly-wpi-release-112020200142_1.html))
Related Current Affairs
Related UPSC Questions
More from Inflation & Price Indices
2011moderate
India has experienced persistent and high food inflation in the recent past. What could be the reasons? 1. Due to a gradual switchover to the cultivat
2010easy
Which one of the following statements is an appropriate description of deflation ?
2011easy
A rapid increase in the rate of inflation is sometimes attributed to the “base effect”. What is “base effect”?
Related Indian Economy Topics
2010International Trade & WTO
In the context of the affairs of which of the following is the phrase “Special Safeguard Mechanisms” mentioned in the news frequently ?
2010Banking & Financial Sector
With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements: 1. They cannot engage in the acquisition of
Frequently Asked Questions
What is the correct answer to this UPSC 2010 Indian Economy question?▼
The correct answer is option (c): Both 1 and 2. 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 2010, GS Paper 1, as Question 86. 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.