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Question : Which of the following is taken as the base year for calculating the Wholesale Price Index (WPI) by the Government of India?

Option 1: 2011-12

Option 2: 2012-13

Option 3: 2013-14

Option 4: 2010-11


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Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: 2011-12


Solution : The correct option is 2011-12.

The base year provides a reference point for comparing price changes over time. The WPI's base year was last revised to 2011-12. The WPI is a measure that captures the average change in the selling prices received by producers for their output.

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