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SSC CHSL 2020 PYQ — Question 43

SSC CHSL - 20th October 2020 - Shift 1 • General Awareness • Q43

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Which of the following is the base year of a new WPI series effective from April 2017?

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Correct answer: A

Explanation

The correct answer is option 1 i.e 2011-12.

  • The new series of Wholesale Price Index(WPI) with base 2011-12 is effective from April 2017.
  • WPI captures the average movement of wholesale prices of goods and is primarily used as a GDP deflator. WPI(2011-12) reckons only basic prices and does not include taxes, rebate/trade discounts, transport and other charges.