New Enroll for RBI, SEBI & NABARD Intro Class! April 18 at 9:15 PM

    Question

    The wholesale price index (WPI) grew 11.16 per cent during the month of July, while the WPI for June was 12.07 per cent, the data showed. The WPI in August 2020 was at 0.41 per cent. “The high rate of inflation in August 2021 is primarily due to rise in prices of non-food articles, mineral oils; crude petroleum & natural gas; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year,” the ministry statement said. The food articles segment witnessed a (-)1.29 per cent change in August, the data showed. In the month prior to that, this was zero per cent.

    How many products are included in the Wholesale Price

    Index (WPI)?
    A 120 Correct Answer Incorrect Answer
    B 222 Correct Answer Incorrect Answer
    C 710 Correct Answer Incorrect Answer
    D 557 Correct Answer Incorrect Answer
    E 697 Correct Answer Incorrect Answer

    Solution

    There are 697 items are included in the index. These items are further divided into three categories: Primary articles: The Primary articles are food items, non-food items and minerals. There are 117 items for Primary Articles. Fuel and Power: It includes power, light and lubricants, electricity, coal mining and mineral oil. There are 16 items for Fuel & Power. Manufactured Goods: It includes food products, beverages, tobacco and tobacco products, wood and wood products, textiles, paper and paper products, basic metals, alloys, rubber and rubber products etc. There are 564 items for Manufactured Products.

    Practice Next