The Government of India was both whole Sale Price India (WPI) and Consumer Price Index (CPI) to measure the rate of inflation. But CPI is better indicator as compare to the WPI.
Which of the following conclusions supports the above statements?
(A) All the countries of the world use CPI to measure the rate of inflation.
(B) Majoring of the population of India buy commodities at the retail prices.
(C) Majority of the population of India are very poor.
(D) The WPI has a very old bare year.
5Q:
The Government of India was both whole Sale Price India (WPI) and Consumer Price Index (CPI) to measure the rate of inflation. But CPI is better indicator as compare to the WPI.
Which of the following conclusions supports the above statements?
(A) All the countries of the world use CPI to measure the rate of inflation.
(B) Majoring of the population of India buy commodities at the retail prices.
(C) Majority of the population of India are very poor.
(D) The WPI has a very old bare year.
- 1Only Afalse
- 2Only Btrue
- 3Only A, B and Cfalse
- 4Only Cfalse
- 5Only C and Dfalse
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Answer : 2. "Only B "
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