The index of prices of a given basket of commodities which are bought by the representative consumers is called ? Option 1: Consumer Price Index. Option 2: Wholesale Price Index. Option 3: Index on industrial production Option 4: Dollar Price Index

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 consumers is called ? | PYQs + Solutions

CUET Economics 2026 13h May Shift 2

Macro

Easy

Consumer Price Index.

Wholesale Price Index.

Index on industrial production

Dollar Price Index

✅ Correct Option: 1