Q. With reference to the Wholesale Price Index (WPI), consider the following statements:
Which of the above statements is/are correct?

1 and 2 only

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

2 only

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

2 and 3 only

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

None of the above

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

Open in App

Solution

The correct option is B
2 only
Explanation:

Statement 1 is incorrect: WPI is published on a monthly basis by the Office of the Economic Advisor (Ministry of COmmerce and Industry).

Statement 2 is correct: WPI’s Base year was revised to 2011-12 as earlier it was 2004-05.

Statement 3 is incorrect: In the WPI basket highest weightage is given to manufactured products (64.2 $%$ ). While Primary articles weightage is $22.6 %$ and Fuel & Power is given $13.2 %$ weightage.

Suggest Corrections

Similar questions

Q. With reference to the Index of Industrial Production (IIP), which of the following statements is/are correct?

Select the correct answer using the codes given below:

Q. औद्योगिक उत्पादन सूचकांक (IIP) के संदर्भ में, निम्नलिखित कथनों में से कौन सा/से सही है/हैं?

निम्नलिखित कूट का उपयोग करके सही उत्तर का चयन कीजिए:

Q12. Consider the following statements.

1. Index of Industrial Production is compiled by Central Statistical Organisation.

2. 2015-16 is considered as the ‘base year’ for calculation.

3. Manufacturing sector has the maximum weightage in the index.

Which of the above statement(s) is/are correct?

Q. Consider the following statements with reference to Wholesale Price Index (WPI):

Which of the statements given above is/are correct?

Q. थोक मूल्य सूचकांक (WPI) के संदर्भ में, निम्नलिखित कथनों पर विचार कीजिए:

उपर्युक्त कथनों में से कौन-सा/से सही है/हैं?

Join BYJU'S Learning Program