Consider the following statements in relation to House Price Index (HPI):
1. The HPI is published annually by the Reserve Bank of India.
2. The HPI covers cities: Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur, and Kochi.
3. Kochi tops the chart among these 10 cities.
Which of the following statements is/are incorrect?
Statement 1 is incorrect The Reserve Bank of India publishes a quarterly house price index (HPI) for ten major cities: Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur, and Kochi. Kochi tops the chart with 11.5% rise.
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Replace the word given in bold with another suitable option, without changing the meaning of the sentence.
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This statement is
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