Question

Q. Arrange the following Components according to the ascending order of their weightage within the Wholesale Price Index:

Select the correct answer using the code below

• A. 1-2-3
• B. 2-3-1
• C. 2-1-3
• D. 3-2-1

Answer 1

The correct option is D 3-2-1

Explanation:

• The Wholesale Price Index represents the price of a basket of wholesale goods. WPI focuses on the price of goods that are traded between corporations. It does not concentrate on goods purchased by the consumers.
• WPI data is published by the Office of Economic Advisor.
• The weightage of Manufacturing Products, Primary Articles, and Fuel and Power in the overall Wholesale Price Index is 64.97 percent, 20.12 percent, and 14.91 percent respectively.