1

Which of the following factors/policies were affecting the price of rice in India in the
recent past?
1. Minimum Support Price
2. Government�s trading
3. Government�s stockpiling
4. Consumer subsidies
Select the correct answer using the code given below:

2

Consider the following statements:
1. The weightage of food in Consumer Price Index (CPI) is higher than that Wholesale
Price Index (WPI).
2. The WPI does not capture changes in 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?

3

With reference to Indian economy, demand-pull inflation can be caused/increased by which of the following? (1) Expansionary policies (2) Fiscal stimulus (3) Inflation-indexing wages (4) Higher purchasing power (5) Rising interest rates Select the correct answer using the code given below

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