Question : For the calculation of the 'wholesale price index' in 2019, ________is taken as the base year.
Option 1: 2012-13
Option 2: 2013-14
Option 3: 2011-12
Option 4: 2014-15
Correct Answer: 2011-12
Solution : The correct option is 2011-12
For the calculation of the wholesale price index in 2019 in India, the base year would be 2011–12. The WPI is a measure that examines the average changes in prices received by producers for their goods and services over time. It includes various commodities grouped into different categories, and the index is used to monitor inflation and price trends in the wholesale markets.
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