IBPS PO General Awareness: Economics & Financial Awareness questions with solutions

Q1. Which of the following is correct about WPI (Wholesale Price Index) related to inflation? (A) It measures the wholesale prices on a weekly basis. (B) It focuses on both goods as well as services. (C) It measures the wholesale prices on a monthly basis. (D) It focuses only on goods, not on services.

1. A, C and D only
2. D only
3. A, B and D only
4. C only

Answer: A, C and D only

WPI facts: (A) India releases WPI data weekly (provisional) — CORRECT. (B) WPI covers only goods, NOT services (unlike CPI which covers both) — INCORRECT. (C) Final WPI data is published monthly — CORRECT. (D) WPI focuses only on goods — CORRECT. Hence A, C and D are correct.