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SSC Economics Sample Paper NCERT Sample Paper-2

  • question_answer
    Which one of the following has been me main measure of the rate of inflation in India?

    A) Consumer Price Index

    B) Consumer Price Index-Industrial worker

    C) Consumer Price Index-Agriculture labour

    D) Wholesale Price Index

    Correct Answer: D

    Solution :

    The Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods. WPI is an easy and convenient method to calculate inflation. Inflation rate is the difference between WPI calculated at the beginning and the end of a year. The percentage increase in WPI over a year gives the rate of inflation for that year.


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