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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 co
A rapid increase in the rate of inflation is sometimes attributed to the “base effect”. What is “base effect”?
Economic growth is usually coupled with
The correct answer is option (b): 2 and 3 only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
This question was asked in UPSC CSE Prelims 2011, GS Paper 1, as Question 4. It falls under Indian Economy > Inflation & Price Indices.
This question is rated "moderate". It requires sound conceptual understanding of the topic.
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.