General Knowledge · Economics

Which of the following statements is/are correct regarding the Consumer Price Index (CPI)? I. It includes the prices of imported goods consumed by households. II. The weights assigned to goods differ according to the production level of each good rather than consumption patterns.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Both I and II
2Only II
3Neither I nor II
4Only I✓

Correct answer

Only I

Download Single Question PDF

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Share with Friends & Study Groups

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Preparing for General Knowledge?

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Start Free Mock Test →

Chapter Practice

Want more practice questions on Economics?

Solve complete topic-wise tests with detailed solutions on GkGet.

Practice Economics MCQs →

Recommended practice questions in General Knowledge · Economics

Browse More General Knowledge →

Which Indian independence movement leader was primarily known for his philosophy and practice of non-violent civil disobedience?

Solve Question→

Who gave the call for 'Do or Die' during the Quit India Movement in 1942?

Solve Question→

Which of the following revolutionary pairs were imprisoned together in Cellular Jail and faced harsh conditions, contributing significantly to the Indian independence movement?

Which of the following statements is/are correct regarding the Consumer Price Index (CPI)? I. It includes the prices of imported goods consumed by households. II. The weights assigned to goods differ according to the production level of each good rather than consumption patterns.

Download Single Question PDF

Share with Friends & Study Groups

Preparing for General Knowledge?

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions

Which of the following statements is/are correct regarding the Consumer Price Index (CPI)? I. It includes the prices of imported goods consumed by households. II. The weights assigned to goods differ according to the production level of each good rather than consumption patterns.

Download Single Question PDF

Share with Friends & Study Groups

Preparing for General Knowledge?

Related Practice Questions

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions