economics easy Fill in the Blank

The current base year for calculating the Wholesale Price Index (WPI) in India is ___.

  1. 2011-12
  2. TRIMs (or Trade-Related Investment Measures)
  3. open market borrowings (or debt / bonds)
  4. Current

Answer: 2011-12

The Office of the Economic Adviser (OEA) compiles the WPI, which tracks price changes in the wholesale market for a basket of 697 items. The base year was updated from 2004-05 to 2011-12 to align it with the base year of the Consumer Price Index (CPI) and GDP series.

Topic Macroeconomics - Inflation
Exam Relevance SSC, Railway, UPSC
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