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● Statement 1 is correct: The Laspeyres Price Index is a consumer price index used to measure the change in the prices of a basket of goods and services relative to a specified base period weighting. A key differentiator between the Laspeyres Price Index and other indices (Paasche Price Index, Fisher Price Index, etc.) is that it uses weights taken from a base period. The Index is used for calculation of WPI, CPI, IIP. ● Statement 2 is correct: When inflation rises, the purchasing power goes down. If inflation outpaces the interest one earns on their savings, it will feel like losing money as the amount one saves or invests from the income every month may not rise at the same rate. ● Statement 3 is incorrect: The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services. It measures price changes from the perspective of a retail buyer. There are four types of CPI:CPI for Industrial Workers (IW), CPI for Agricultural Labourer (AL), CPI for Rural Labourer (RL) and CPI (Rural/Urban/Combined).
Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(NOTE : Operations should be performed ...
Select the related alternative from the given:
Spring: Summer :: _______.
Three of the following four number pairs are alike in some manner and one is different. Identify the one which is different.
Select the option that is related to the third term in the same way as the second term is related to the first term.
GAYH : IYWJ :: FBAO : ______
Select the option that is related to the third letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster.
...If 38 @ 9 = 66 and 63 @ 43 = 122, then 29 @ 57 = '?'.
F/N : 30/182 : : H/P : ?
Select the set in which the numbers are NOT related in the same way as are the numbers of the following set. (NOTE: Operations should be performed on th...
If 83 × 24 = 5, 62 × 15 = 2, 45 × 33 = 3, then 96 × 42 = ?
Select the option that is related to the third term in the same way as the second term is related to the first term.
MODE : NLWV :: JAIL : ?