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?
    A I only Correct Answer Incorrect Answer
    B I and II only Correct Answer Incorrect Answer
    C I and III only Correct Answer Incorrect Answer
    D I, II and III Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    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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