Previous year MCQs

Economy UPPSC 2021 GS-I
Question

Which of the following Institution/office bring out the Wholesale Price (WPI) data in India?

Answer & Solution

Answer: (Detailed Solution Below)

Option B: The Ministry of Commerce and Industry

Detailed Solution:

The correct answer is “The Ministry of Commerce and Industry”.
The Ministry of Commerce and Industry is responsible for bringing out the Wholesale Price (WPI) data in India. The Office of Economic Advisor within this ministry compiles and releases the WPI, which measures the changes in the prices of goods sold and traded in bulk by wholesale businesses.

Note: In India, the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) is responsible for releasing the Consumer Price Index (CPI) data.

Similar Questions:

Capital Market means
  1. A) share market
  2. B) commodity market
  3. C) money market
  4. D) all the above
Word Bull and Big are associated with which branch of commercial activity:
  1. A) Foreign Trade
  2. B) Banking
  3. C) Share Market
  4. D) Manufacturing
Base year for estimation of Gross Domestic Product at constant prices in India, at present, is
  1. A) 1999-2000
  2. B) 2000-2001
  3. C) 2002-2003
  4. D) 2006-2007 2011-12
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  1. A) Share market
  2. B) Horse racing
  3. C) Taxation
  4. D) International trade
Main function of Finance commission is
  1. A) The distribution between the union and the states of the net proceeds of taxes which are to be, or may be, divided between them
  2. B) Financial control over states
  3. C) Financial control over centre
  4. D) None of these
Since the economic reforms were launched in India, which one of the following statements is true for Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) of the commercial banks?
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  2. B) SLR has been reduced but CRR has been raised
  3. C) SLR has been increased but CRR has been reduced
  4. D) Both SLR and CRR have been reduced
Given below are two statements:

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Reason (R): The traders and manufacturers wholly depend on village resources.

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  1. A) Both (A) and (R) arc true and (R) is the correct explanation of (A)
  2. B) Both (A) and (R) arc true, but (R) is not the correct explanation of (A)
  3. C) (A) is true, but (R) is false
  4. D) (A) is false, hut (R) is true
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  2. B) Safe goods for environment
  3. C) Exported goods
  4. D) Imported goods
Assertion (A): The Government is resorting to disinvestment of some of the public sector units (PSU's).
Reason (R): PSU's have not generated enough employment opportunities.

Codes:
  1. A) Both A and R are true and R is the correct explanation of A
  2. B) Both A and R are true but R is not the correct explanation of A
  3. C) A is true but R is false
  4. D) A is false but R is true
Which one of the following is NOT a method to control inflation?
  1. A) Controlling the demand
  2. B) Controlling the supply of money
  3. C) Reducing the rate of interest
  4. D) Rationing of commodities
Which of the following is NOT correctly matched ?
  1. A) Acid present in vinegar - Acetic acid
  2. B) Compound present in bones - Calcium phosphate
  3. C) Souring of milk - Nitric acid
  4. D) Acid present in gastric juice - Hydrochloric acid
In which year the book "Poverty and Unbritish Rule in India" was published ?
  1. A) 1900 A.D.
  2. B) 1901 A.D.
  3. C) 1902 A.D.
  4. D) 1903 A.D.