In India, the two most commonly used price indices for measuring inflation are: MCQ with Answer and Explanation

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In India, the two most commonly used price indices for measuring inflation are:

A. IIP and PMI

B. WPI and CPI

C. BSE and NSE

D. GDP deflator and HDI

Answer: Option B

Solution (By JKSSB Mock Tests)

The Wholesale Price Index and Consumer Price Index are the two main inflation measures in India.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The National Food Security Act, 2013 covers what proportion of the rural and urban population respectively for subsidized food grains?

A. 80% rural and 60% urban

B. 50% rural and 50% urban

C. 75% rural and 50% urban

D. 60% rural and 40% urban

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Correct Answer: Option C

Explanation:
The NFSA covers 75% of the rural population and 50% of the urban population.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Multidimensional Poverty Index' was developed by:

A. IMF

B. UNDP and Oxford Poverty and Human Development Initiative

C. UNESCO

D. World Bank

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Correct Answer: Option B

Explanation:
MPI was developed by UNDP and the Oxford Poverty and Human Development Initiative.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Asian Development Bank' headquarters is in:

A. Beijing

B. Tokyo

C. Singapore

D. Manila

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Correct Answer: Option D

Explanation:
ADB headquarters is in Manila.

This question belongs to: Economy GK Economy Set 1

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