PrepRung
Sign inSign up free

NDA 2019 GAT · General Knowledge · Indian Economy · easy

Which index is used to measure retail inflation in India?

Single correct option

Which index is used to measure retail inflation in India?
  1. A. Wholesale Price Index
  2. B. Index of Industrial Production
  3. C. Human Development Index
  4. D. Consumer Price Index (CPI)
Show answer and solution

Answer: (D) Consumer Price Index (CPI)

The CPI measures changes in the prices of a basket of goods and services bought by consumers and is the main basis for the RBI's inflation target. The WPI tracks wholesale prices, IIP measures industrial output, and HDI is a development measure and not a price index.
Report a mistake

Original question written in the NDA 2019 GAT pattern and checked twice for the correct answer. Not an official question paper. How we write and check questions · Corrections policy · Report a mistake