Rural-Urban Inflation Differential Has Declined: 1. Rural inflation has remained above its urban counterpart throughout the current fiscal year, reversing the trend seen during the pandemic years. CPI-C based food inflation seems to have cooled down after reaching a high of 8.3% in April 2022 due to a moderation in global food prices and a reduction in farm input costs. Hence, statement 1 is correct. 2. However, the cooling was more pronounced for urban inflation. 3. Rural fuel inflation remained lower than its urban counterpart throughout the current fiscal, due to subdued price pressures on traditional fuel items such as firewood and cow dung cakes as opposed to petrol and diesel. Hence, statement 2 is correct.
Indian Financial System Code (IFSC) is a / an
What does a demand curve graphically depict?
Upon which economic model was India's first Five-Year Plan based?
Which of the following is not a primary function of the Reserve Bank of India (RBI).
Which one of the following is the most appropriate measure of country’s economic Growth?
Which of the following statements are true regarding “Inclusive Growth”?
i. The main idea behind inclusive growth is to include SCs, STs, ...
Who has the authority to determine whether a bill is a Money Bill?
Insurance Mall portal has been launched by ______ for its customers to ensure an Easy-buy experience.
The long-term fiscal policy aims to maintain the stability of which of the following?
Which of the following statements is correct about the calculation of national income?