Consider the following statements regarding weightage of different articles in Wholesale Price Index (WPI) : 1. Fuel and power have higher weightage in WPI than that of primary articles. 2. Weightage of manufactured products in WPI is higher than that of

examrobotsa's picture

Submitted by examrobotsa on

Q: 1 (CDS-I/2024)
Consider the following statements regarding weightage of different articles in Wholesale Price Index (WPI) :
1. Fuel and power have higher weightage in WPI than that of primary articles.
2. Weightage of manufactured products in WPI is higher than that of fuel and power.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

question_subject: 

Economics

question_exam: 

CDS-I

Only statement 2 is correct. In the WPI, manufactured products generally hold a higher weightage compared to fuel and power, indicating their greater contribution to price changes in the economy.