The primary measure of inflation used by RBI for monetary policy is: MCQ with Answer and Explanation

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The primary measure of inflation used by RBI for monetary policy is:

A. Consumer food price index

B. GDP deflator

C. Wholesale Price Index

D. CPI (Combined)

Answer: Option D

Solution (By JKExamLibrary)

RBI adopted the CPI (Combined) as the key measure of inflation for policy targets.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

Maternal mortality ratio (MMR) in India (SRS 2016-18) was:

A. 250 per 100,000

B. 130 per 100,000

C. 113 per 100,000 live births

D. 200 per 100,000

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Correct Answer: Option C

Explanation:
As per SRS 2016-18, MMR was 113.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

General Fertility Rate (GFR) is the number of live births per:

A. 1000 live births

B. 1000 married women

C. 1000 total population

D. 1000 women of reproductive age (15-49)

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Correct Answer: Option D

Explanation:
GFR = (Live births / Women aged 15-49) × 1000, focusing on the population at risk.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Data on 'Religion of individuals' (Hindu, Muslim, Christian, etc.) is an example of:

A. Qualitative classification

B. Chronological classification

C. Quantitative classification

D. Spatial classification

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
Religion is an attribute, not a numerical value, so grouping by religion is a qualitative (descriptive) classification.

This question belongs to: Accountancy and Statistics Statistics

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