Thursday, June 4, 2015

Day 46 - Questions

Day 46 - Measurement of Inflation - WPI, CPI, PPI

( Measurement of Inflation - Wholesale Price Index, Consumer Price Index, Producer Price Index )

Recommended Study links - (Go through these topics before attempting MCQs)

1.  Which of the following Indices measures Inflation in retail level?
a.  WPI
b.  CPI
c.  PPI
d.  None of the above

2.  Which of the following is/are used to measure WPI?
a.  Primary articles (e.g., food, non-food, mineral, etc.)
b.  Fuel and Power (e.g., coal, mineral, oil, electricity,etc.)
c.  Manufactured articles (food products, beverages, transport, etc.)
d.  All of the above

3.  Which of the following committee recommended to use CPI, instead of WPI, to measure Inflation in India?
a.  Bimal Jalan committee
b.  Urjit Patel committee
c.  Mukul Mudgal committee
d.  None of the above

4.  PPI is used to measure Inflation at which level?
a.  Wholesale
b.  Retail
c.  Producer
d.  None of the above

5.  What is the full form of CPI?
a.  Consumption Price Index
b.  Consumer Price Index
c.  Control Price Index
d.  Civil Price Index

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