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Railways PYQCBT 2 2017

RRB NTPC · Question 85

In 2014, the Reserve Bank of India (RBI) adopted the new _____ as the key measure of inflation.

  1. IPI (Import Price Index)

  2. CPI (Consumer Price, Index, rural and urban, combined)

  3. WPI (Wholesale Price Index)

  4. PPI (Producer Price Index)

Show answer & explanation

Answer: (B) CPI (Consumer Price, Index, rural and urban, combined)

Explanation

On the Urjit Patel Committee's recommendation, in 2014 the RBI adopted the new CPI (combined, rural and urban) as the key measure of inflation, replacing WPI.