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Which statement best explains Wholesale Price Index?

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Question ID #26404 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Indian Economy Sectional Test 2026 Medium

Which statement best explains Wholesale Price Index?

Correct Answer: C. Index tracking price changes at the wholesale level for a basket of goods
Wholesale Price Index: Index tracking price changes at the wholesale level for a basket of goods

Question: Which statement best explains Wholesale Price Index?

A. Rate at which RBI lends short-term funds to banks against eligible collateral under the liquidity framework

B. Share of specified liabilities maintained by banks in prescribed liquid assets

C. Index tracking price changes at the wholesale level for a basket of goods

D. Transfer of ownership or control from public sector to private sector

Correct Answer: C. Index tracking price changes at the wholesale level for a basket of goodsWholesale Price Index: Index tracking price changes at the wholesale level for a basket of goods

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Which statement best explains Wholesale Price Index? - MCQ Explanation

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Correct answer: C. Index tracking price changes at the wholesale level for a basket of goods