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Question

As per the RBI’s Consumer Confidence Index Survey the percent decrease or increase in the index fro 2021 was?

A Increased to 55.5 points Correct Answer Incorrect Answer
B Decreased to 53.1 points Correct Answer Incorrect Answer
C Decreased to 55.1 points Correct Answer Incorrect Answer
D Increased to 53.1 points Correct Answer Incorrect Answer
E No change Correct Answer Incorrect Answer

Solution

The Consumer Confidence Index declined from 55.5 points in January 2021 to 53.1 points in March 2021.

Mainly it measures consumer perception on five economic variables such as employment, economic situation, price level, spending and income. It was conducted in major cities of the country over 5,000 respondents.

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