Multiple choice general knowledge

Inflation is proportional to

  1. aggregate product index

  2. wholesale price index

  3. wholesale gold index

  4. aggregate retail index
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Wholesale Price Index (WPI) is commonly used to measure inflation in India, though this statement oversimplifies the relationship. Inflation is typically measured by WPI or Consumer Price Index (CPI), not aggregate product index, wholesale gold index, or aggregate retail index.

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