{"id":85481,"date":"2025-06-01T03:18:33","date_gmt":"2025-06-01T03:18:33","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=85481"},"modified":"2025-06-01T03:18:33","modified_gmt":"2025-06-01T03:18:33","slug":"consider-the-following-statements-regarding-weightage-of-different-art","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-weightage-of-different-art\/","title":{"rendered":"Consider the following statements regarding weightage of different art"},"content":{"rendered":"<p>Consider the following statements regarding weightage of different articles in Wholesale Price Index (WPI) :<\/p>\n<ul>\n<li>1. Fuel and power have higher weightage in WPI than that of primary articles.<\/li>\n<li>2. Weightage of manufactured products in WPI is higher than that of fuel and power.<\/li>\n<\/ul>\n<p>Which of the statements given above is\/are correct?<\/p>\n<p>[amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;2 only&#8221; option3=&#8221;Both 1 and 2&#8243; option4=&#8221;Neither 1 nor 2&#8243; correct=&#8221;option2&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC CDS-1 &#8211; 2024<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-cds-1-2024.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-cds-1-2024\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nStatement 1 is incorrect: In the Wholesale Price Index (WPI) structure for India (based on the 2011-12 series), the weightage of Primary Articles is approximately 22.62%, while the weightage of Fuel &#038; Power is approximately 13.15%. Therefore, Fuel and Power have lower weightage than Primary Articles.<br \/>\nStatement 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 &#038; Power (13.15%).<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nManufactured Products have the highest weightage in WPI, followed by Primary Articles, and then Fuel &#038; Power (based on 2011-12 series).<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nThe WPI weights are revised periodically to reflect changes in the composition of wholesale trade in the economy. The current series (2011-12) is based on this distribution. This weightage structure is important for understanding which sectors&#8217; price changes have the most impact on the overall WPI.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>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=&#8221;1 only&#8221; &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Consider the following statements regarding weightage of different art\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-weightage-of-different-art\/#more-85481\">Detailed Solution<span class=\"screen-reader-text\">Consider the following statements regarding weightage of different art<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1087],"tags":[1103,1120,1261],"class_list":["post-85481","post","type-post","status-publish","format-standard","hentry","category-upsc-cds-1","tag-1103","tag-economic-development","tag-nature-of-indian-economy","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>Consider the following statements regarding weightage of different art<\/title>\n<meta name=\"description\" content=\"Statement 1 is incorrect: In the Wholesale Price Index (WPI) structure for India (based on the 2011-12 series), the weightage of Primary Articles is approximately 22.62%, while the weightage of Fuel &amp; Power is approximately 13.15%. Therefore, Fuel and Power have lower weightage than Primary Articles. 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 &amp; Power (13.15%). Manufactured Products have the highest weightage in WPI, followed by Primary Articles, and then Fuel &amp; Power (based on 2011-12 series).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-weightage-of-different-art\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consider the following statements regarding weightage of different art\" \/>\n<meta property=\"og:description\" content=\"Statement 1 is incorrect: In the Wholesale Price Index (WPI) structure for India (based on the 2011-12 series), the weightage of Primary Articles is approximately 22.62%, while the weightage of Fuel &amp; Power is approximately 13.15%. Therefore, Fuel and Power have lower weightage than Primary Articles. 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 &amp; Power (13.15%). Manufactured Products have the highest weightage in WPI, followed by Primary Articles, and then Fuel &amp; Power (based on 2011-12 series).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-weightage-of-different-art\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T03:18:33+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Consider the following statements regarding weightage of different art","description":"Statement 1 is incorrect: In the Wholesale Price Index (WPI) structure for India (based on the 2011-12 series), the weightage of Primary Articles is approximately 22.62%, while the weightage of Fuel & Power is approximately 13.15%. Therefore, Fuel and Power have lower weightage than Primary Articles. 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%). Manufactured Products have the highest weightage in WPI, followed by Primary Articles, and then Fuel & Power (based on 2011-12 series).","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-weightage-of-different-art\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements regarding weightage of different art","og_description":"Statement 1 is incorrect: In the Wholesale Price Index (WPI) structure for India (based on the 2011-12 series), the weightage of Primary Articles is approximately 22.62%, while the weightage of Fuel & Power is approximately 13.15%. Therefore, Fuel and Power have lower weightage than Primary Articles. 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%). Manufactured Products have the highest weightage in WPI, followed by Primary Articles, and then Fuel & Power (based on 2011-12 series).","og_url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-weightage-of-different-art\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T03:18:33+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-weightage-of-different-art\/","url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-weightage-of-different-art\/","name":"Consider the following statements regarding weightage of different art","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T03:18:33+00:00","dateModified":"2025-06-01T03:18:33+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statement 1 is incorrect: In the Wholesale Price Index (WPI) structure for India (based on the 2011-12 series), the weightage of Primary Articles is approximately 22.62%, while the weightage of Fuel & Power is approximately 13.15%. Therefore, Fuel and Power have lower weightage than Primary Articles. 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%). Manufactured Products have the highest weightage in WPI, followed by Primary Articles, and then Fuel & Power (based on 2011-12 series).","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-weightage-of-different-art\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-weightage-of-different-art\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-regarding-weightage-of-different-art\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC CDS-1","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-cds-1\/"},{"@type":"ListItem","position":3,"name":"Consider the following statements regarding weightage of different art"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/85481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=85481"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/85481\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=85481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=85481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=85481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}