Question
Which of the following Statements is/are Correct?
I- The CPI captures changes in price level at the consumer level. II- Changes in prices at the producer level are tracked by the Wholesale Price Index (WPI). III- CPI can capture the change in the prices of services which the WPI cannot.Solution
Consumer Price Index or CPI is the measure of changes in the price level of a basket of consumer goods and services bought by households. CPI is a numerical estimation calculated using the rates of a sample of representative objects the prices of which are gathered periodically. The CPI captures changes in price level at the consumer level. Changes in prices at the producer level are tracked by the Wholesale Price Index (WPI). CPI can capture the change in the prices of services which the WPI cannot.
Hybrid variety of chilli recommended for cultivation is
In the Hardy-Weinberg equilibrium equation, which assumption is essential to maintain constant allele frequencies in a population?
Which one of the following soil orders has the highest area in India?
Which part of the hindgut is responsible for absorbing water and minerals from undigested food materials?
Sustained, extended deficiency in precipitation is called
Among the following crops, which has the highest mechanization index?
Which one of the following is used for brown manuring is rice?
Denitrification is more in:-
Jute prefer to grow in
A series of transverse depressions on the cuticle of nematode is:
Relevant for Exams:
