Q. Consider the following statements in reference to Consumer Price Index:

Which of the statements given above is/are correct?

1 only

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

2 only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Both 1 and 2

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Neither 1 nor 2

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A 1 only
Explanation:

Statement 1 is correct. The Consumer Price Index assesses the changes in the price of a common basket of goods and services by comparing with the prices that are prevalent during the same period in a previous year.

Statement 2 is incorrect. CPI is published by the Central Statistics Office (Ministry of Statistics and Programme Implementation) & the Labour Bureau.

Suggest Corrections

Similar questions

Q. Consider the following statements related to the Consumer Price Index(CPI).

Which of the above statements is/are correct?

Q. Consider the following statements in reference to Goods and Service Tax (GST)?

Which of the statements given above is/are correct?

Join BYJU'S Learning Program