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12 Mar 2013, 07:11
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B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
71% (02:03) correct
29%
(02:11)
wrong
based on 332
sessions
History
Date
Time
Result
Not Attempted Yet
Headline inflation may have moderated but it appears there is no respite for consumer, in daily life. Inflation in food articles is nearing double digits at 9.7% for the week ended October 4, more than double the 4.6% it had touched in the week ended August 30. There is a huge refuge in data choice as prices of food articles are up as well, 2.5% over this period. The wholesale price index, meanwhile, has dropped from 12.3% to 11% over the period.
Which of the following, if true, could help in explaining this anomaly?
a. The wholesale price of fruits is up nearly 20% for the week ended October 4 over the corresponding week last year.
b. Food articles are given only a low weightage in the wholesale price index.
c. In the case of consumer price index for rural labourers and agricultural workers, food has a high weightage of over 65% in the index.
d. The rising prices is part seasonal and part because of the recent rains that destroyed large quantities of fruits and vegetables.
e. Whatever the rate of inflation, people cannot do without essential food items.
Which of the following, if true, could help in explaining this anomaly?
a. The wholesale price of fruits is up nearly 20% for the week ended October 4 over the corresponding week last year.
b. Food articles are given only a low weightage in the wholesale price index.
c. In the case of consumer price index for rural labourers and agricultural workers, food has a high weightage of over 65% in the index.
d. The rising prices is part seasonal and part because of the recent rains that destroyed large quantities of fruits and vegetables.
e. Whatever the rate of inflation, people cannot do without essential food items.
12 Mar 2013, 07:29
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if B : Food articles are given only a low weightage in the wholesale price index. then we may have a situation when Inflation in food articles is nearing double digits at 9.7% but whole sale price index has dropped
what is the source ? reading this line was difficult :There is a huge refuge in data choice as prices of food articles are up as well, 2.5% over this period
what is the source ? reading this line was difficult :There is a huge refuge in data choice as prices of food articles are up as well, 2.5% over this period
12 Mar 2013, 07:32
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[quote="neha24"what is the source ? reading this line was difficult :There is a huge refuge in data choice as prices of food articles are up as well, 2.5% over this period[/quote]
Source - TIME LR series. I encountered the same and so posted this question here to get a good explaination.
Source - TIME LR series. I encountered the same and so posted this question here to get a good explaination.
