2023 · Q65
The Wholesale Price Inflation has increased in India during 2021-2022 due to which of the following factors?
- 1Sharp increase in international prices of crude oil.
- 2Decrease in economic activity post-Covid.
- 3Disruption of global supply chain.
- 4High freight cost.
Select the correct answer using the codes given below.
General KnowledgeIndian Economy
- A2 and 3 only
- B1, 3 and 4
- C1 and 2 only
- D1 and 4 only
Explanation
WPI inflation rose in 2021-22 on the sharp increase in international crude oil prices (1), disruption of global supply chains (3) and high freight costs (4). Decreased economic activity post-Covid (2) would dampen rather than raise inflation, so it is excluded. Hence 1, 3 and 4.