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Question
WPI stands for ______.
Options
Wholesale Print Index
Wholesale Point Index
Wholesale Price Index
Whole Point Index
MCQ
Fill in the Blanks
Solution
WPI stands for wholesale Price Index.
Explanation:
WPI (Wholesale Price Index) measures the changes in the prices of goods sold and traded in bulk at the wholesale level. It tracks price changes for commodities and provides an indicator of inflation in the economy. The WPI is commonly used in many countries, including India, to monitor price fluctuations at the wholesale market level.
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