Economics · Economy
With reference to the Wholesale Price Index (WPI) in India, consider the following statements: I. The current WPI series uses 2011-12 as the base year. II. It is compiled and released by the Office of the Economic Adviser, and not by the National Statistical Office. III. Manufactured Products carry the highest weight among the major groups in WPI. IV. WPI, unlike CPI, primarily captures changes in the prices of services. Select the correct answer using the code given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, III and IV only
- 2II and IV only
- 3I, II and III only✓
- 4I and II only
Correct answer
I, II and III only
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