Which of the following statements about the Producer Price Index (PPI) is correct? MCQ with Answer and Explanation

Question
Which of the following statements about the Producer Price Index (PPI) is correct?
A. PPI measures inflation faced by final consumers only
B. PPI is the same as the Wholesale Price Index
C. PPI includes both goods and services and tracks prices received by producers
D. PPI is released by the Ministry of Finance
Answer: Option C
Solution (By JKSSB Mock Tests)
The Producer Price Index (PPI) includes both goods and services and tracks prices received by producers.
This question belongs to: Current Affairs Current Affairs 2026 Section 1
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Practice More Current Affairs 2026 Section 1 Questions

Question #1
The Memorandum of Implementation for the UNICORN co-development project was signed between India and Japan in which month and year?
A. March 2025
B. November 2024
C. July 2025
D. January 2024
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Correct Answer: Option B

Explanation:
A Memorandum of Implementation was signed at the Embassy of India, Tokyo on November 15, 2024 for co-development of UNICORN.[reference:20][reference:21]
This question belongs to: Current Affairs Current Affairs 2026 Section 1
Question #2
The Indian government removed restrictions on the sale of petrol and diesel from July 1, 2026. These restrictions were originally imposed due to:
A. High inflation
B. Environmental concerns
C. Middle East situation and concerns over domestic fuel shortages
D. WTO regulations
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Correct Answer: Option C

Explanation:
The restrictions were imposed due to the Middle East situation to prevent domestic fuel shortages and were removed from July 1, 2026.[reference:76]
This question belongs to: Current Affairs Current Affairs 2026 Section 1
Question #3
INS Taragiri was commissioned in April 2026 at which location?
A. Visakhapatnam
B. Mumbai
C. Kolkata
D. Kochi
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Correct Answer: Option A

Explanation:
Indian Navy warship commissioning.
This question belongs to: Current Affairs Current Affairs 2026 Section 1
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