Goods which are traded in large quantity and are not purchased by ordinary consumers. The price measure of such trading is known as .......
Goods which are traded in large quantity and are not purchased by ordinary consumers. The price measure of such trading is known as .......
Solution
Option 1 -> Measures prices at wholesale level where goods are traded in bulk.
Option 2 -> Measures retail prices paid by ordinary consumers.
Option 3 -> Not a standard price measurement index for bulk trading.
Option 4 -> Specific to foodgrains only, not all bulk-traded goods.
Hence, Wholesale Price Index -> The Wholesale Price Index (WPI) measures the average change in prices of goods at the wholesale/bulk level, before they reach retail consumers. It tracks prices of goods traded in large quantities between businesses, manufacturers, and wholesalers, not individual consumers. WPI is an important indicator of inflation at the producer/wholesale level and includes commodities like raw materials, intermediate goods, and finished goods traded in bulk. -> correct
Related questions:
2025: 13 May Shift 2
2026: 31 May Shift 1
2026: 11 May Shift 1