Consider the following statements in relation to the House Price Index (HPI):
I. The HPI is published annually by the Reserve Bank of India.
II. The HPI covers cities: Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur, and Kochi.
III. Kochi tops the chart among these 10 cities.
Which of the above statements is/are incorrect?
1.I only
2.II only
3.III only
4.I & III
5.All
Correct Answer : 4
Solution :
• Statement I is incorrect because the House Price Index (HPI) is published quarterly, not annually, by the Reserve Bank of India (RBI).
• Statement II is correct - HPI does cover these 10 cities for comparative housing trends.
• Statement III is incorrect - Kochi does not consistently top the chart; the ranking of cities varies quarter to quarter depending on house price changes.
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