Consumer Price Index

Q.

Reducing the workers’ absenteeism in a factory by 20% is an example of _____.

Q. How is Wholesale Price Index different from Consumer Price Index?

Q. What are the different types of consumer price indices?

1. Construction workers
2. White-collar labourers
3. Industrial labourers
4. Agricultural labourers

Q.

Wholesale Price Index Is Used to Measure the

1. Arithmetic mean

2. Geometric mean

3. Inflation

4. Appreciation

Q. To calculate the impact of inflation on teachers, doctors, and engineers, which price index will be used?

1. CPI for white-collar employees
2. Wholesale price index
3. Food price index
4. CPI for industrial labourers

Q. Rakesh spends on rice, toys, tuition fee, etc. Which index will be used to calculate the average of this whole expenditure?

1. Consumer price index
2. Wholesale price index
3. Food price index
4. Price index

Q. Which of the following is true about a consumer price index?

1. It is used to calculate the price index of retail items.
2. It is the same for everyone.
3. It is used to calculate the price index of wholesale items.
4. It is calculated differently for people in villages and cities.

Q. Which of the following is not a category for CPI?

1. CPI for non-manual labourers
2. CPI for industrial labourers
3. CPI for women labourers
4. CPI for agricultural labourers