Answer-<p><strong>With reference to the wholesale price index (WPI), consider the following sta...

middot Indiarsquos wholesale price index WPI-based inflation rate rose to the highest level in the current 2011-12 series at 15.08 per cent in April on the back of hardening commodity and vegetable prices. middot With this, the WPI-based inflation has been in double-digits for 13 consecutive months. middot Core inflation, which excludes food and fuel inflation, rose marginally to a four-month high of 11.1 per cent. middot Fuel inflation climbed to 38.66 per cent, while inflation for manufactured products increased to 10.85 per cent. middot Ministry of Commerce amp Industry is responsible for compiling WPI and releasing it. middot Wholesale Price Index WPI is an important index necessary for calculating inflation in a country.

Question

With reference to the wholesale price index (WP

I , consider the following statements: 1. WPI is an important index necessary for calculating inflation in a country. 2. Ministry of Finance is responsible for compiling WPI and releasing it. 3. WPI focuses on the price of goods that are traded between corporations. Which of the statements given above is/are correct?

A 1 and 2

B 1 and 3

C 2 and 3

D All of these

E None of these

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