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Question

PM Kisan Samman Nidhi scheme is a scheme with _________ per cent funding from the central government. Under the scheme, income support of Rs. ________ per year in three equal instalments is being provided to small and marginal farmer families having combined land holding/ownership of up to _________. State Government and UT administration identify the farmer families which are eligible for support as per scheme guidelines and directly transfer the fund to the bank accounts of the beneficiaries. However, those who have not yet registered themselves under PM Kisan Samman Nidhi Scheme (yojana), they must do the same before the end of this month, i.e, March 31 to receive Rs 4,000 from the government. If their application is accepted, they will get the first instalment of Rs. 2000 after Holi (that falls on March 28-29) and second instalment of Rs 2,000 in the month of April or May, reports have said.

Consider the following Statements.

(I) WPI tracks inflation at the wholesale level and CPI captures changes in prices levels at the consumer level.

(II) WPI does not capture changes in the prices of services, which CPI does.

(III) In WPI, more weightage is given to manufactured goods, while in CPI, more weightage is given to food items.

A Only 1 Correct Answer Incorrect Answer
B 1 & 2 Correct Answer Incorrect Answer
C 1 & 3 Correct Answer Incorrect Answer
D Only 3 Correct Answer Incorrect Answer
E 1, 2, & 3 Correct Answer Incorrect Answer

Solution

What is the difference between CPI and WPI? WPI tracks inflation at the producer level and CPI captures changes in prices levels at the consumer level. WPI does not capture changes in the prices of services, which CPI does. In WPI, more weightage is given to manufactured goods, while in CPI, more weightage is given to food items.

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