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?

Question

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.

GKToday Admin · Accepted Answer

Only 2 is Correct

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.

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