|What is correct about the 'headline inflation' of India? Select the answer using the code given below:|
|1. It is measured at the wholesale as well as consumer prices.|
|2. We see enough diversities among the Indian consumers; that is why we have four variants of the inflation index at the consumer prices.|
|3. The concept was first forwarded by Mr. C. Rangarajan in the late 1980s.|
A) Only 1
B) 1 and 2
C) Only 3
D) None of these
Correct Answer: D
Solution :[d] 'Headline Inflation' is measured at the wholesale prices only (by calculating the price movements of the 676 items, which have been put under the basket for inflation). This is the inflation for the Indian economy.
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