Question
Download Solution PDFWhich of the following is a measure of inflation?
This question was previously asked in
APSSB UDC Official Paper (Held on: 24th November 2019)
Answer (Detailed Solution Below)
Option 3 : Consumer Price Index (CPI)
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APSSB CGL General Awareness Sectional Test - 01
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25 Questions
50 Marks
24 Mins
Detailed Solution
Download Solution PDFThe correct answer is 1) Consumer Price Index
Key Points
- Inflation rates in India are usually quoted as changes in the Wholesale Price Index, for all commodities.
- Many developing countries use changes in the Consumer Price Index (CPI) as their central measure of inflation.
- India too is not an exception and it uses CPI as a tool to measure inflation.
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