BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Inflation in India is measured on which of the follow indexes/indicators?

A	Cost of Living Index (COLI)
B	Consumer Price Index (CPI)
C	Gross Domestic Product (GDP)
D	Wholesale Price Index (WPI)

Explanation:

Detailed explanation-1: -The index used to calculated wholesale inflation is known as Wholesale Price Index (WPI). This inflation rate is often known as headline inflation. WPI is released by the Ministry of Commerce and Industry.

Detailed explanation-2: -The two main indicators of inflation in india are the wholesale price index (Wpi) and the consumer price index (cpi).

Detailed explanation-3: -In India inflation is measured by the Wholesale Price Index (WPI). Q. Q. (I) The change in any price is reflected in an index number.

Detailed explanation-4: -The variation in the price level in India can be measured in terms of the Wholesale Price Index (WPI), or the Implicit National Income Deflator (NID) or the Consumer Price Index (CPI). The WPI is the main measure of the rate of inflation often used in India.

Detailed explanation-5: -The most well-known indicator of inflation is the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households.

There is 1 question to complete.