Home
Class 14
GENERAL KNOWLEDGE
Which price Index is a measure of the...

Which price Index is a measure of the average change over time in the prices ?

A

CPI

B

WPI

C

PPI

D

Both 1 and 2

Text Solution

Verified by Experts

The correct Answer is:
a
The consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. It is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The CPI is a statistical estimate constructed using the prices of a simple of representative items whose prices are collected periodically.
Promotional Banner

Topper's Solved these Questions

  • CURRENT AFFAIRS

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise MCQ|304 Videos

  • LATEST CURRENT AFFAIRS & BANKING MCQS

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise MCQ|289 Videos

Similar Questions

Explore conceptually related problems

Even after a discount of q% on marked price a trader gains by p% What is the markup percentage over the cost price?

Fisher’s Price Index Number is

Five times the price of a pen is Rs. 17 more than three times its price. Find the price of the pen.

The price of a refrigetor, P is 5 times that of a cooler Q. If then price of P increases by 40%. then what is the change in the total price of the refrigerator and cooler put together ?

The Percentage change in demand is three times the percentage change in price. If original demand was 30 units at the price of ₹ 7 per unit, then calculate the price elasticity of demand, given price increased by 10% . Indicate whether the demand is elastic or not. Also calculate the new quantity demanded.

IBPS & SBI PREVIOUS YEAR PAPER-GENERAL KNOWLEDGE -MCQs
  1. According to a recent Government policy, companies have been mandated ...

    Text Solution

    |

  2. What does MSF stand for ?

    Text Solution

    |

  3. Which price Index is a measure of the average change over time in t...

    Text Solution

    |

  4. A micro enterprise is defined as an enterprise engaged in the manufac...

    Text Solution

    |

  5. What does SEBI stand for ?

    Text Solution

    |

  6. BSDA stands for

    Text Solution

    |

  7. Panna National Park is located in which of the following

    Text Solution

    |

  8. Where is the headquarter of City Union Bank ?

    Text Solution

    |

  9. The World Economic Outlook (WEO) is published by "".

    Text Solution

    |

  10. Dandia is a form of dance associated with which of the following state...

    Text Solution

    |

  11. Who is the Chairperson of PSB (Public Sector Bank) merger committee ?

    Text Solution

    |

  12. Satish Kumar and R V Rahul related to which of the following sport ?

    Text Solution

    |

  13. Dudhawa Dam is built in the state of Chhattisgarh across which river ?

    Text Solution

    |

  14. Where is the Headquarters of Amnesty International ?

    Text Solution

    |

  15. HQ of international weightlifting federation "".

    Text Solution

    |

  16. World Pneumonia Day is observed every year on ?

    Text Solution

    |

  17. Ease of doing business report is published by which organization ?

    Text Solution

    |

  18. Tallinn is the largest and the capital city of which country ?

    Text Solution

    |

  19. The higher rate of growth of economy certainly reduces

    Text Solution

    |

  20. Kharchi puja is a Hindu festival of ""

    Text Solution

    |