WBCS.LIVE practice question

Which institution is responsible for calculating the Wholesale Price Index (WPI) in India?

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

Answer options

  1. Office of Economic Adviser
  2. Reserve Bank of India
  3. Central Statistical Organisation
  4. NITI Aayog

Correct answer and explanation

Correct answer: Office of Economic Adviser

Explanation: āœ… Correct Answer: A) Office of Economic Adviser šŸ“š Explanation: The Wholesale Price Index (WPI) is a crucial macroeconomic indicator that tracks changes in the prices of goods sold and traded in bulk by wholesale businesses. In India, it is officially calculated and published by the Office of the Economic Adviser. This specialized office operates under the Ministry of Commerce and Industry.