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Answer : 3. "Manufacturing products"
Which of the following items is the major reason for WPI-based high inflation in India?
5Q:
Which of the following items is the major reason for WPI-based high inflation in India?
- 1Primary goodsfalse
- 2Fuel and electricityfalse
- 3Manufacturing productstrue
- 4None of the abovefalse
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Answer : 3. "Manufacturing products"
Explanation :
Explanation: In India, three groups of commodities have major contribution in the calculation of inflation. In this, primary products contribute 20.1%, fuel and electricity (14.9%) and manufacturing products contribute 65%. Therefore, the biggest reason for high inflation in India is manufacturing products.