Which of the following statement(s) is/are correct?
A. Only I
B. I and II
C. II and III
D. All of the above
Answer:B
Which of the following statement(s) is/are correct?
A. Only I B. I and II C. II and III D. All of the above
Explanation: The rate of inflation is measured on the basis of price indices which are of two kinds—Wholesale Price Index (WPI) and Consumer Price Index (CPI). A price index is a measure of the average level of prices, which means that it does not show the exact price rise or fall of a single good.