Q. With reference to inflation, which of the following statements is/are correct?

Select the correct answer using the code given below:

2 and 3 only

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1, 2 and 3

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1 and 3 only

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1 and 2 only

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Solution

The correct option is A 2 and 3 only
Explanation:

Statement 1 is incorrect: because maximum weightage in WPI is given to manufacturing items while in CPI it’s food and beverages.

Statement 2 is correct. The huge presence of the unorganized sector makes inflation measurement difficult.

Statement 3 is correct. RBI uses CPI to adjust its monetary policies as a technique to contain inflation.

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Q. With reference to inflation, which of the following statements is/are correct? Select the correct answer using the code given below:

Q. With reference to inflation, which of the following statements is/are correct?

Select the correct answer using the code given below: