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Doctors Medicines MCQs Q&A

  1. NASDAQ Index
  2. BSE Index
  3. Consumer Price Index
  4. Wholesale Price Index
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1 Answers

Option 3 : Consumer Price Index

Index

Details

NASDAQ Index

Stock market index of the common stocks and similar securities. It is New York based stock exchange.

BSE Index

Free-float market-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange

Consumer Price Index

Measures changes in the price level of market basket of consumer goods and services purchased by households

Wholesale Price Index

Price of a representative basket of wholesale goods

 

  • The shift from the Wholesale Price Index to the Consumer Price Index for calculating the inflation was recommended by the Urijit Patel Committee.
  • The Inflation using WPI is also calculated but is not considered for the policy target.
  • The CPI allows the calculation of inflation at the end of the consumer, hence it allows the calculation of the factors that are not included in the WPI, like, foods and beverages, tobacco, clothing and footwear, fuel and other items.
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