Q. Consider the following statements:
Both WPI and IIP are released by CSO
Both WPI and IIP exist since British Era
Which among the above statements is are correct?
Answer: Only 2 is Correct
Notes:
- Statement 1: Both WPI and IIP are released by CSO: This statement is incorrect. WPI (Wholesale Price Index) is released by the Office of Economic Advisor, Ministry of Commerce and Industry. IIP (Index of Industrial Production) is released by the Central Statistics Office (CSO).
- Statement 2: Both WPI and IIP exist since British Era: This statement is correct. WPI has been in use since 1902 during British rule. IIP was also constructed during the colonial period in the 1930s.
Above question is part of 10000+ MCQs for UPSC (Prelims) Paper-1 course in GKToday Android app.
