If the price index increased from 100 in 2021 to 110 in 2022 to 132 in 2023, then the rate of inflation is:

A rapid increase in the rate of inflation is sometimes attribute to the “base effect”. What is “base effect”?

The base year for All-India Wholesale Price Index (WPI) has been changed by the Government of India from 2004-05 to:

What is the new base year of the Consumer Price Index (CPI)?

In India, which one of the following is responsible for maintaining price stability by controlling inflation?

Which of the following statements is/are correct? 1. A price index captures the change in the average price of a constant basket of commodities. 2. If the price index takes values 100, 110, and 121 i…