2024 · Q2
Consider the following statements regarding weightage of different articles in Wholesale Price Index (WPI):
- 1Fuel and power have higher weightage in WPI than that of primary articles.
- 2Weightage of manufactured products in WPI is higher than that of fuel and power.
Which of the statements given above is/are correct?
General KnowledgeIndian Economy
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
Under the 2011–12 base series, the WPI weights are: primary articles about 22.62%, fuel and power about 13.15%, and manufactured products about 64.23%. Statement 1 is incorrect because fuel and power (13.15%) have a lower weightage than primary articles (22.62%). Statement 2 is correct because manufactured products (64.23%) have a much higher weightage than fuel and power (13.15%). Only statement 2 is correct, so the answer is (B).