New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is a measure of

    inflation?
    A Gross Domestic Product Correct Answer Incorrect Answer
    B Consumer Price Index Correct Answer Incorrect Answer
    C Fiscal Deficit Correct Answer Incorrect Answer
    D Current Account Deficit Correct Answer Incorrect Answer
    E Foreign Exchange Reserves Correct Answer Incorrect Answer

    Solution

    The Consumer Price Index (CPI) measures the average change in prices over time that consumers pay for a basket of goods and services and is a key indicator of inflation.

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