Answer / pinal

* India uses the Wholesale Price Index (WPI) to
calculate and then decide the inflation rate in the economy.
* Most developed countries use the Consumer Price Index
(CPI) to calculate inflation.

WPI was first published in 1902, and was one of the more
economic indicators available to policy makers until it was
replaced by most developed countries by the Consumer Price
Index in the 1970s.

WPI is the index that is used to measure the change in the
average price level of goods traded in wholesale market. In
India, a total of 435 commodities data on price level is
tracked through WPI which is an indicator of movement in
prices of commodities in all trade and transactions. It is
also the price index which is available on a weekly basis
with the shortest possible time lag only two weeks. The
Indian government has taken WPI as an indicator of the rate
of inflation in the economy.

The deepest known point of the oceans is found in the : (a) Atlantic Ocean (b) Pacific Ocean (c) North Sea (d) Panama Canal

2 Answers  

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Which one of the following places has a nuclear power station? a) Koradi b) Rawatbhata c) Ramagundam d) Talcher

1 Answers  

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Who among the following authored the famous work ?A Contribution to the Critique of Political Economy? 1 Adam Smith 2 John Locke 3 Karl Marx 4 Thomas Paine

1 Answers  

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Which of the following is an alloy? (1) Quartz (2) Graphite (3) Diamond (4) Nichrome

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In which of the following years ?Nobel Prizes were instituted? (a) 1910 (b) 1901 (c) 1911 (d) 1903

2 Answers  

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Dr. Ambedkar considered one Fundamental Right to be the heart and soul of the Indian Constitution. It is (1) Right to equality (2) Right to freedom (3) Right against exploitation (4) Right to constitutional remedies

7 Answers   CGL, EXL, HEH, Indian Bank, KVS, NET, SSC, TATA, TNPSC Tamil Nadu Public Service Commission, Wipro,

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The term of office of the members of the Estimates Committee is (a) Two years (b) Three years (c) One year (d) Six months

1 Answers  

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Which one of the following statements is not correct? 1 No amendment can be proposed to an Appropriation Bill in either House of Parliament 2 No money shall be withdrawn from the Consolidated Fund of India except under appropriation made be an Appropriation Act 3 Unlike other Bills, the Finance Bill needs to be passed by the Lok Sabha only 4 The finance Bill can be introduced only on the recommendation of the President of India

1 Answers  

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The Thugs were completely quelled by: (a) Lord Hastings (b) Lord William Bentinck (c) Lord Dalhousie (d) Lord Lytton

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Why do migratory birds go back to their earlier habitat in spring? Because of 1 Weather becoming too hot in the regions 2 Scarcity of food in the regions to which they have migrated 3 Breeding instinct with change n climate and they breed only in their original habitat 4 Hunting season commencing in spring

1 Answers  

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WHICH OF THE FOLLOWING SOURCES ACCOUNT FOR MAXIMUM NET IRRIGATED AREA IN INDIA

4 Answers   Bank Of India, Syndicate Bank,

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The destruction of the Mauryan Empire was followed by a series of invasions, and the first to invade India were the 1 Bactrian-Greeks 2 Parthians 3 Kushanas 4 Shakas

1 Answers  

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