Question
Evaluate the correctness of these statements about the
Consumer Price Index (CPI): (I) CPI measures changes in the price level of a representative basket of consumer goods and services. (II) It includes both goods and services such as food, clothing, medical care, and housing. (III) CPI serves as an economic indicator to monitor inflation rates.Solution
All statements are correct. The CPI is a broad measure that tracks the average price changes over time of a basket comprising various goods and services, which is used as a key indicator for inflation.
With reference to the North Atlantic Treaty Organization (NATO), consider the following statements:
I.NATO is a political and military alliance.<...
Which one of the following measures is not likely to aid in improving India’s Balance of Payment position?
In case of high WPI inflation, which of the following step is likely to be taken by RBI?
The Human Development Index (HDI) was developed by a select team of leading scholars, development practitioners and members of the Human Development re...
Which bank inaugurated the 'Mookkannoor Mission', an initiative under the Swachh Bharat Abhiyan, on the 106th birth anniversary of its Founder?
Consider the following statements in regard to the Goods and Service Tax:
(1) The GST shall have two components : one levied by the centre, and t...
India and _____________ have agreed to step up their Clean Energy and Climate Partnership.
What are the sources from which corporates can raise External Commercial Borrowings (ECBs)?
When did Indian became the member of International Energy Agency?
In a situation, when a company borrows money to be paid back at a future date with interest, it is known _____.
Relevant for Exams:
Hey, Don't leave. If you have any queries regarding any exam let us know here.
