Economic Awareness - Sectors of Indian Economy
The Wholesale Price Index (WPI) in India is used as a proxy for which of the following?
The Wholesale Price Index (WPI) in India is used as a proxy for which of the following?
easy Q1 of 15
Step-by-Step Solution
Step 1: Understand WPI's role
WPI measures wholesale prices, close to producer level.Step 2: Recall usage
India does not have a separate PPI; WPI is used as proxy for producer prices.Final Answer:
Producer Price Index (PPI) → Option BQuick Check:
WPI proxy for PPI ✅
Quick Trick: No separate PPI in India; WPI = PPI proxy.
Common Mistakes:
- Confusing with CPI.
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