Consider the following statements regarding weightage of different articles in Wholesale Price Index (WPI) :
- 1. Fuel and power have higher weightage in WPI than that of primary articles.
- 2. Weightage of manufactured products in WPI is higher than that of fuel and power.
Which of the statements given above is/are correct?
[amp_mcq option1=”1 only” option2=”2 only” option3=”Both 1 and 2″ option4=”Neither 1 nor 2″ correct=”option2″]
This question was previously asked in
UPSC CDS-1 – 2024
Statement 2 is correct: The weightage of Manufactured Products is the highest among the three broad groups, approximately 64.23%. This is significantly higher than the weightage of Fuel & Power (13.15%).