1.

Prices of which of the following commodities are considered in Wholesale Price Index (WPI) ?a. Primary Goodsb. Oilc. Manufactured Goods1. Only a and 2. Only a and b3. Only b4. All of the above

Answer» Correct Answer - Option 4 : All of the above

The correct answer is All of the above.

  •  Prices of which of the following commodities are considered while calculating the Wholesale Price Index (WPI)
    • Primary Goods
    • Fuel and Power(Oil)
    • Manufactured Goods
  • Manufactured goods have maximum weightage.

  • Wholesale price index (WPI)
    • WPI is an index that measures and tracks the changes in the price of goods in the stages before the retail level.
    • The WPI is published by the Economic Adviser of the Ministry of Commerce and Industry.
  • Consumer price index (CPI)  
    • Consumer Price Index (CPI) tracks the prices of goods and services purchased by consumers.
    • The CPI is published by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation
  • Both WPI and CPI can be used for calculating inflation in the country.
  • Currently, India uses CPI for calculating inflation.


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