Consider the following statements:

1. The Wholesale Price Index (WPI) is published monthly by the Central Statistical Organisation (CSO).

2. The prices used for the compilation of WPI include indirect taxes to account the impact of fiscal policy.

Which of the above statement(s) is/are correct?

Which of the following observations are correct?

1. Inflation discourages exports.

2. High inflation leads to less saving.

3. Inflation increases the cost of production.

4. Inflation redistributes wealth from creditors to debtors.

Choose the correct code.

Consider the following:

1. Increased interest rates

2. Increased public borrowing

3. Reduction in public expenditure

To control inflation, which of the above measures can be resorted to?

Consider the following statements in the context of the difference between Wholesale and Consumer Price Indices:

1. While Wholesale Price Index excludes the service sector, Consumer Price Index includes the same.

2. While Wholesale Price Index gives lesser weightage to food, Consumer Price Index gives higher weightage.

3. While Wholesale Price Index is published by the Ministry of labour, the Consumer Price Index is published by CSO.

Which of the above statement(s) is/are correct?

A rise in the general level of prices may be caused by:

1. an increase in the money supply

2. a decrease in the aggregate level of output

3. an increase in the effective demand

Select the correct answer using the codes given below:

A rise in general level of prices may be caused by:

1. an increase in the money supply.

2. a decrease in the aggregate level of output.

3. an increase in the effective demand.