## Quiz on Wholesale Price Index (WPI) and Consumer Price Index (CPI)

Take the GK Quiz based on Wholesale Price Index and Consumer Price Index below. The questions have explanations listed below them for a better understanding.

### GK Quiz on WPI and CPI

We come up with a set of multiple choice questions based on Wholesale Price Index and Consumer Price Index. The quiz would be specially helpful to those students preparing for various competitive exams. The Wholesale Price Index (WPI) and Consumer Price Index (CPI) are the widely used indexes for the calculation of inflation.

### Quiz

Que.1). What is the present WPI (month of May 2021) of India?

(a) 9.0%

(b) 10.49%

(c) 12.94%

(d) 10.94%

Ans. c

Que.2). Which of these listed below has the highest weightage in Wholesale Price Index (WPI)?

(a) Manufactured Products

(b) Primary goods

(c) Fuel and Power

(d) All of the above

Ans. a

Que.3). Which among the following items are included in the Wholesale Price Index (WPI) basket?

(a) Goods

(b) Services

(c) Both a and b

(d) None of these

Ans. a

Que.4). How many items are there in the Consumer Price Index’s (WPI) rural basket?

(a) 440

(b) 448

(c) 450

(d) 460

Ans. b

Que.5). Which of the following statements is true?

i) Weightage of food in CPI is higher than that in WPI

ii) WPI does not include changes in price of services

(a) Only i

(b) Only ii

(c) Both i and ii

(d) None of the above

#### Ans. c

Que.6). Which index is used to calculate inflation in India?

(a) Wholesale Price Index

(b) GDP deflator

(c) Productive Price Index

(d) Commodity Price Index

7. Ramesh spends some rupees on flour, rice, tuition fee, etc., then which index will be used to calculate the average of this whole expenditure.

(a) Wholesale Price Index

(b) Productive Price Index

(c) Consumer Price Index

(d) Producer Price Index

Que.8). Who releases the Wholesale Price Index figures?

(a) Ministry of Statistics and Program Implementation

(b) Ministry of Home Affairs

(c) Ministry of Finance

(d) Ministry of Commerce and Industry

Que.9). Consumer Price Index (CPI) measures the price of...

(a) Goods only

(b) Both goods and services

(c) Services only

(d) None of the above

Que.10). When Consumer Price Index (CPI) data released?

(a) Every week

(b) Every month

(c) Every year

(d) Every day

Que.11). What is the base year for Wholesale Price Index (WPI)?

(a) 2004-05

(b) 2001-02

(c) 2011-12

(d) 2014-15

Que.12). Currently how many goods are covered in the Wholesale Price Index (WPI)?

(a) 697

(b) 556

(c) 710

(d) 220

Que.13). Who issues the Consumer Price Index (CPI) data?

(a) Ministry of Statistics and Program Implementation

(b) Ministry of Commerce and Industry

(c) Ministry of Finance

(d) None of the above

Que.14). At which stage Wholesale Price Index (WPI) based inflation is calculated?

(a) First stage of transaction

(b)  Final stage of transaction

(c) Intermediate stage of production

(d) None of the above

Que.15). What is the base year of Consumer Price Index (CPI)?

(a) 2015

(b) 2004

(c) 2012

(d) 2001

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