WBCS.LIVE practice question

What is the base year for the current Consumer Price Index (CPI) in India?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 2004-05
  2. 2010
  3. 2011-12
  4. 2015-16

Correct answer and explanation

Correct answer: 2011-12

Explanation: āœ… Correct Answer: C) 2011-12 šŸ“š Explanation: The base year for the Consumer Price Index (CPI) and the Index of Industrial Production (IIP) in India was revised to 2011-12 to provide a more accurate picture of economic activity. The base year serves as a benchmark for measuring changes in price levels over time. It is periodically updated to reflect shifts in consumption patterns and industrial structure.