Which of the following is an index number used to measure inflation in India? MCQ with Answer and Explanation

Which of the following is an index number used to measure inflation in India?
A. Wholesale Price Index
B. Sensex
C. Index of Industrial Production (IIP)
D. Nifty
Answer: Option A
Solution (By JKExamLibrary)
WPI (and CPI) measure inflation; Sensex and Nifty are stock indices; IIP measures industrial output.

This question belongs to: Accountancy and Statistics Statistics

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Correct Answer: Option B


Explanation:
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