Inflation: UPSC Previous Year Questions (Indian Economy)
1 previous year UPSC Prelims question on Inflation (Indian Economy). Choose an option to see the answer and explanation.
Explanations state facts as of the year each question was asked; words like “recently” refer to that year.
Showing 1–1 of 1 question
UPSC 1997Indian Economy · Inflation
Q1. In India, inflation is measured by the:
Explanation
In India, inflation has traditionally been measured using the Wholesale Price Index (WPI) and stands true for 1997. The WPI tracks the price changes of goods at the wholesale level, reflecting the prices at which goods are sold in bulk and is published by the Economic Adviser in the Ministry of Commerce and Industry. However, in recent years, the Consumer Price Index (CPI) has gained prominence as a measure of inflation, especially for policy decisions. The CPI measures price changes from the consumer’s perspective, capturing the retail prices of goods and services. The Reserve Bank of India (RBI) has adopted the CPI as the key measure for its inflation targeting framework.
Answer key for these questions
Q
UPSC year
Correct answer
1
1997
(a) Wholesale Price Index number
Frequently asked questions
How many previous year UPSC questions are there on Inflation?
This page covers 1 previous year UPSC Prelims GS Paper-I questions on Inflation (Indian Economy), asked from 1997 to 2021. Each has the correct answer and an explanation.
How should I use previous year UPSC questions for Prelims?
Attempt each question first, then open the answer and read the explanation for every option. Repeat by chapter, and track which statements UPSC reuses across years. Previous year questions show the exam pattern and difficulty level.
Which years are covered for Inflation?
Questions on Inflation (Indian Economy) are available for 9 years, from 1997 to 2021. Use the Year filter to practise a single paper.
