The 'National Consumer Price Index' in India uses which base year? MCQ with Answer and Explanation

Question

Share Report Error

The 'National Consumer Price Index' in India uses which base year?

A. 2016

B. 2019

C. 2012

D. 2010

Answer: Option C

Solution (By JKSSB Mock Tests)

CPI-Combined uses base year 2012.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Union Budget' is presented in Parliament by the:

A. President

B. Finance Secretary

C. Finance Minister

D. Prime Minister

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Union Budget is presented by the Finance Minister.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of monetary economics, the 'Velocity of Circulation of Money' refers to:

A. The average number of times a unit of money is used to purchase final goods and services in a given period

B. The rate of inflation only

C. The growth rate of the money supply

D. The rate of interest

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Velocity of money measures how frequently the average unit of currency is spent on final goods and services during a given time period; it appears in the equation of exchange.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'World Bank' in India provides loans primarily for:

A. defence

B. stock markets

C. elections

D. development projects and economic reforms

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
World Bank loans in India finance development projects and economic reforms.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs