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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).
Two trains, 'A' and 'B', are heading towards each other from opposite ends of a 360-meter bridge. Train 'A' travels at a speed of 15 m/s, and train 'B' ...
Gatiman express train crosses a platform in 45 seconds while it can cross a pole in 20 seconds. If the speed of the Gatiman express is 40 m/s, then find...
800 metres long train crosses a man who is moving in the same direction with a certain speed, in 40 seconds. If the same train can cross a tree in 20 se...
Time is taken by two trains running in opposite directions to cross a man standing on the platform in 27 seconds and 17 seconds respectively. It took 21...
A freight train requires 17.6 seconds to pass a stationary person and 28 seconds to traverse a 260-meter-long tunnel. Simultaneously, a motorcycle can c...
A man running at the speed of 5 kmph was over taken by the train moving with the speed of 41 kmph in 20 seconds. Find the length of train.
A train can cross a pole in 18 seconds. While if the train increased its speed by 75% then time taken by it to cross 444 metres long platform is 42 seco...
1600 metres long train crosses a man who is moving in the same direction with a certain speed in 25 seconds. If the same train can cross a pole in 20 se...
350 metre long train ‘A’ is running with a speed of 43.2 km/hr. Train ‘B’ which is 387 metre long is running with a speed of 90 km/h in opposite...
A train crosses a platform in 48 seconds travelling with a speed of 120 km/hr. If the length of the train be 600 metres, then the length (in metres) of ...