Index of industrial production(IIP) in India is based on prices of goods produced.
True
False
IIP in India is based on the quantity of production of goods and not the price.
Consider the following statements:
1. WPI measure price rise at the wholesale level where wholesale means sale in large quantities and meant for resale.
2.Producer Price Index means the prices of goods as they are sold to the whole sales by the producers.
3. The price of electricity in the CPI is the Industrial tariff & not the consumer tariff.
Response:
Which of the following statement(s) is/are correctly stated?
Codes :
1, 2 and 3 only
3 and 4 only
4 only
2, 3 and 4 only