Question
Consider the following: I.
Financial Inclusion Index II. Wholesale Price Index III. Consumer Price Index Which of the indexes given above is/are issued by the Reserve Bank of India?Solution
The Financial Inclusion Index is a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with the government and respective sectoral regulators. It is issued by the Reserve Bank of India. 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. It is issued by the Office of Economic Advisor under the Ministry of Commerce and Industry.
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