Consider the following statements about Wholesale Price Index (WPI) :
1. It captures the price movement extensively and is, therefore, taken as an indicator of inflation.
2. The office of the Economic adviser (OEA) is entrusted with the function of compilation and publication of the weekly wholesale price index number in India.
Which of the statements given above is/are correct? [CDS 2009]

Related MCQs

• Consider the following items of wholesale price index: [Asstt Commt 2010] 1. Primary articles 2. Fuel, power, lights and lubricants 3. Manufacturing products Arrange the above items in descending order in terms of their weightage in calculating wholesale price index
• Consider the following statements relating to estimation of National Income : 1. Foreigners working in Indian Embassies are normal residents of India. 2. Foreigners working in the office of WHO, World Bank. UNO etc. located in India are not normal residents of India. 3. Indians working in foreign embassies in India are not normal residents of India. Which of the statements given above is/are correct? [CDS 2010]
• Which one of the following is the updated base for Wholesale Price Index (WPI) ? [Corporation Bank PO 2011]
• Consider the following statements: [IAS 2004] 1. The highest deciding body for planning in India is the Planning Commission of India. 2. The Secretary of the Planning Commission of India is also the Secretary of National Development Council 3. The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of India. Which of the statements given above is/are correct?
• Consider the following statements: [IAS 2004] 1. Regarding the procurement of foodgrains, the Government of India follows a procurement target rather than an open-ended procurement policy 2. Government of India announces minimum support price only for cereals 3. For distribution under Targeted Public Distribution System (TPDS)wheat and rice are issued by the Government of India at uniform central issue prices to the States/Union Territories Which of the statements given above is/are correct?
• Consider the following statements: 1. life Insurance Corporation of India is the oldest insurance company in India. 2. National Insurance Company limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. 3. Headquarters of United India Insurance Company limited are located at Chennai. Which of the statements given above are correct? [lAS2006)
• Consider the following statements: [IAS 2004] 1. The National Housing Bank, the apex institution in housing finance in India, was set up as a wholly owned subsidiary of the Reserve Bank of India 2. The Small Industries Development Bank of India was established as a wholly owned subsidiary of the Industrial Development Bank of India Which of the statements given above is/are correct?
• Consider the following statements: 1. The number of post offices in India is in excess of 1.5 lakhs. 2. Bharat Sanchar Nigam Limited (BSNL) was formed in the year 1997. 3. Telecom Regulatory Authority of India (TRAI) was established in the year2000. Which of the statements given above is/are correct? [IAS 2005)
• Consider the following statements with regard to Statutory liquidity Ratio (SLR) : 1. To meet SLR, commercial banks can use cash only. 2. SLR is maintained by the banks with themselves. 3. SLR restricts the banks' leverage in pumping more money into the economy. Which of the statements given above is/are correct? [CDS 2010]
• Consider the following statements about Sinking Fund: 1. It is a method of repayment of public debt. 2. It is created by the government out of budgetary revenues every year. Which of the statements given above is/are correct? [CDS 2011]