Consider the following statements 1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). 2. The WTI does not capture changes irt, the prices of services, which CPI does. 3. Reserve Bank of India has now

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Q: (IAS/2020)
Consider the following statements
1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI).
2. The WTI does not capture changes irt, the prices of services, which CPI does.
3. Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates.

Which of the statements given- above is/are correct ?
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question_subject: 

Economics

question_exam: 

IAS

stats: 

0,171,60,171,29,12,19

keywords: 

{'cpi': [0, 0, 0, 1], 'consumer price index': [0, 0, 1, 2], 'inflation': [0, 1, 0, 3], 'key policy rates': [0, 0, 0, 1], 'wholesale price index': [0, 0, 5, 1], 'wti': [0, 0, 0, 1], 'weightage': [0, 0, 1, 1], 'wpi': [0, 0, 4, 1], 'prices': [0, 5, 4, 14], 'reserve bank': [1, 0, 3, 4]}