The index of prices of a given basket of commodities which are bought by the representative consumer is known as : Option 1: Consumer Price Index Option 2: Wholesale Price Index. Option 3: Capital Good Index. Option 4: Inflation.

The answer is 'Consumer Price Index'. View full solution:

CUET Economics - The index of prices of a given basket of commodities which are bought by the representative consumer is known as : | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Macro

Easy

Consumer Price Index

Wholesale Price Index.

Capital Good Index.

Inflation.

✅ Correct Option: 1