Multiple choice general knowledge

Which year is used as the base year for calculation of inflation figures by the Indian authorities?

  1. 1983-84

  2. 1991-92

  3. 1999-2000

  4. 1993-94
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India used 1993-94 as the base year for calculating wholesale price index (WPI) inflation figures for many years. The base year is the reference period against which price changes in subsequent years are measured to calculate inflation rates.

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