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Question

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

Select the correct answer using the code given below:


A
2 and 3 only
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B
1, 2 and 3
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C
1 and 3 only
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D
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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