The Wholesale Price Index is compiled by which office?

The National Statistical OfficeCorrect answerYour answerThe Reserve Bank of IndiaCorrect answerYour answerThe Central Board of Indirect Taxes and CustomsCorrect answerYour answerThe Office of the Economic Adviser, Department for Promotion of Industry and Internal TradeCorrect answerYour answer

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CorrectNot quiteAnswer D

Correct answer: D

The WPI is compiled by the Office of the Economic Adviser, which sits in DPIIT under the Ministry of Commerce and Industry.
The Consumer Price Index comes from a different ministry altogether: the National Statistical Office, under Statistics and Programme Implementation.
Two price indices, two ministries, and the pairing is the whole question.

Worth noting

This is why the two series can tell different stories in the same month: they measure different baskets at different points in the chain.

Concept: Who compiles the Wholesale Price Index
Typical timeTypical: 45 s
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The rule this testsMoney, inflation and price indices

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Ten questions from Indian Economy & Institutions, at your own pace.

The Wholesale Price Index is compiled by which office?

Explanation