The 'Wholesale Price Index' measures: MCQ with Answer and Explanation

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The 'Wholesale Price Index' measures:

A. prices of services

B. retail prices

C. prices at the wholesale level

D. prices of consumer goods only

Answer: Option C

Solution (By JKSSB Mock Tests)

WPI measures price changes at the wholesale level.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The primary market deals with:

A. trading of existing shares

B. new issue of securities

C. only government bonds

D. foreign currency

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Correct Answer: Option B

Explanation:
The primary market deals with the issuance of new securities.

This question belongs to: Economy GK Economy Set 1

Question #2

India achieved full convertibility on the current account in which year?

A. 1993

B. 2000

C. 1991

D. 1994

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Correct Answer: Option D

Explanation:
India achieved full current account convertibility in August 1994.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GST' is a destination-based tax, so tax revenue accrues to:

A. consuming state

B. producing state

C. centre only

D. exporting state

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Correct Answer: Option A

Explanation:
GST is destination-based; tax revenue goes to the state where goods are consumed.

This question belongs to: Economy GK Economy Set 1

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