The concepts of WPI (Wholesale Price Index) and CPI (Consumer Price Index) are important parts of banking awareness for exams like IBPS, SBI, RBI, and NABARD. Questions are generally conceptual and focus on differences, calculation, base years, and their role in measuring inflation.
A strong understanding of WPI and CPI not only helps you score better in exams but also gives clarity on how inflation is measured at different levels of the economy. In this article, you will find complete support resources, including FREE Notes PDF and a FREE live quiz, to help you revise and practice effectively.
WPI & CPI, FREE Notes PDF
To help you with quick and effective revision, we have compiled concise and exam-oriented notes covering all important concepts of WPI and CPI. These notes are structured as per the latest syllabus and exam trends. They are crisp, easy to revise, and perfect for last-minute preparation.
What you’ll get in the notes:
- Meaning and concept of WPI & CPI
- Key differences between Wholesale and Retail inflation
- Base year of WPI and CPI
- Components and weightage in both indices
- Headline vs Core inflation
- Role of Reserve Bank of India in using CPI for inflation targeting
- Uses of WPI in policy and economic analysis
- Important exam-oriented facts and tricks
WPI & CPI, FREE Live Quiz
Practicing questions is the best way to test your understanding and improve accuracy. Our FREE Live Quiz is designed to simulate real exam conditions and help you evaluate your preparation.
Q1. WPI measures prices at which level?
Q2. CPI reflects prices at which level?
Q3. Which index is used by Reserve Bank of India for inflation targeting?
Q4. WPI base year is:
Q5. CPI base year is:
Q6. Which index includes services?
Q7. WPI includes:
Q8. Which index better reflects cost of living?
Q9. Which index is released by Office of Economic Adviser?
Q10. CPI is released by:
Q11. Which index is more volatile?
Q12. Fuel price changes impact which index more?
Q13. WPI is mainly used for:
Q14. CPI measures inflation for:
Q15. Which index is used in salary adjustments?
Quiz Summary
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Q16. Primary articles are part of:
Q17. Which index includes housing?
Q18. WPI reflects prices before:
Q19. CPI reflects prices after:
Q20. Which index excludes services?
Q21. Core inflation excludes:
Q22. Headline inflation includes:
Q23. WPI is useful for:
Q24. CPI is important for:
Q25. Which index shows supply-side inflation?
Q26. Which index shows demand-side inflation?
Q27. Inflation targeting in India is based on:
Q28. WPI does not include:
Q29. CPI includes:
Q30. Which index is more relevant for common people?
Quiz Summary
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