{"id":586,"date":"2024-03-05T15:01:34","date_gmt":"2024-03-05T15:01:34","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=586"},"modified":"2024-03-05T15:01:34","modified_gmt":"2024-03-05T15:01:34","slug":"the-new-w-p-i-series-was-introduced-on","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-new-w-p-i-series-was-introduced-on\/","title":{"rendered":"The new W.P.I, series was introduced on"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;1 April. 2010&#8243; option2=&#8221;01-Jul-10&#8243; option3=&#8221;15-Aug-10&#8243; option4=&#8221;14-Sep-10&#8243; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is (b).<\/p>\n<p>The new Wholesale Price Index (WPI) series was introduced on 1 July 2010. The new series is based on the 2011-12 base year, replacing the earlier series based on the 1993-94 base year. The new series is designed to be more representative of the current structure of the Indian economy and to provide a better measure of inflation.<\/p>\n<p>The new WPI series is compiled using a modified Laspeyres formula. The weights for the new series are based on the 2011-12 input-output table. The new series also includes a number of new items, such as services, which were not included in the earlier series.<\/p>\n<p>The new WPI series is released on a monthly basis. The data is released by the Ministry of Commerce and Industry, Government of India.<\/p>\n<p>The following are the options for the question:<\/p>\n<p>(a) 1 April. 2010: This is incorrect. The new WPI series was introduced on 1 July 2010, not 1 April 2010.<br \/>\n(b) 1 July, 2010: This is the correct answer. The new WPI series was introduced on 1 July 2010.<br \/>\n(c) 15 August, 2010: This is incorrect. The new WPI series was introduced on 1 July 2010, not 15 August 2010.<br \/>\n(d) 14 September, 2010: This is incorrect. The new WPI series was introduced on 1 July 2010, not 14 September 2010.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;1 April. 2010&#8243; option2=&#8221;01-Jul-10&#8243; option3=&#8221;15-Aug-10&#8243; option4=&#8221;14-Sep-10&#8243; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-586","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The new W.P.I, series was introduced on<\/title>\n<meta name=\"description\" content=\"The new Wholesale Price Index (WPI) series was introduced on 1 July 2010. 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