CUET Preparation Today
Consumer Price Index (CPI) is measured by _____. |
Measuring Wholesale price of commodities. Basket of commodities bought by representative consumers. Measuring Foodgrain Prices in economy. Measuring Consumables Prices at a particular time point. |
Basket of commodities bought by representative consumers. |
The correct answer is Option (2) → Basket of commodities bought by representative consumers. Consumer Price Index (CPI): This is the index of prices of a given basket of commodities which are bought by the representative consumer. CPI is generally expressed in percentage terms. |
