Economics · Inflation and Price Indices
Consider the following statements: 1. The basis for determining dearness allowance (DA) for government employees in India is the Consumer Price Index (CPI). 2. The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 only
- 22 only
- 3Both 1 and 2✓
- 4Neither 1 nor 2
Correct answer
Both 1 and 2
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