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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does CPI stand for?
💡 Hint: Consider what prices it measures.
Question 2
Easy
What is the purpose of WPI?
💡 Hint: Think about who it's relevant to in the economy.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does CPI stand for?
- Consumer Price Index
- Commission Price Index
- Common Price Index
💡 Hint: Think about what it measures in terms of consumer spending.
Question 2
True or False: The Sensex includes companies from various sectors?
- True
- False
💡 Hint: Recall what sectors we discussed regarding its significance.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Calculate the CPI given the following: Base Year Prices - Rs 500; Current Year Prices - Rs 800.
💡 Hint: Use the formula and consider the base prices.
Question 2
Discuss the implications of a rising WPI on consumer prices and salary negotiations.
💡 Hint: Think about the cycle between wholesale prices affecting retail and how that relates to salaries.
Challenge and get performance evaluation