Maharashtra State Service Pre 2026 PracticeHard
Q.Consider the following statements contrasting the Wholesale Price Index (WPI) and the Consumer Price Index (CPI) in India: (a) WPI only tracks the prices of goods, whereas CPI tracks the prices of both goods and services. (b) The weight assigned to food items is significantly higher in the WPI than in the CPI. (c) The Reserve Bank of India (RBI) currently uses the CPI-Combined (CPI-C) as the primary anchor for its inflation targeting framework. Which of the statements given above are correct?
a
(1) Only (a) and (b)
b
(2) Only (a) and (c)
c
(3) Only (b) and (c)
d
(4) All of the above
Correct Answer: Option B
The correct solution involves applying the fundamental concept to derive the final value step by step...