Question
Consider the following statements in relation to House
Price Index (HPI): 1. The HPI is published annually by the Reserve Bank of India. 2. The HPI covers cities: Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur, and Kochi. 3. Kochi tops the chart among these 10 cities. Which of the following statements is/are incorrect?Solution
Statement 1 is incorrect The Reserve Bank of India publishes a quarterly house price index (HPI) for ten major cities: Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur, and Kochi. Kochi tops the chart with 11.5% rise.
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