state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 Current Affairs Business and Economy
Consider the following statements regarding inflation metrics in India:
1. The weightage of food inflation in the overall Consumer Price Index (CPI) is higher compared to other sectors.
2. The Wholesale Price Index (WPI) assigns a greater weightage to the manufacturing sector compared to the food sector.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2