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Consider the following statements: (2020) 1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). 2. The WPI does not capture changes in the prices of services, which CPI does. 3. The Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates. Which of the statements given above is/are correct? (a) 1 and 2 only (b) 2 only (c) 3 only (d) 1, 2 and 3 Statement 1 is correct: The weightage of food in Consumer Price Index (CPI) is nearly 50% which is more than in Wholesale Price Index (WPI). Statement 2 is correct: CPI captures the changes in price levels of both goods and services however WPI only captures changes in goods and not in services. Statement 3 is not correct: The RBI seeks to control inflation at the consumer level and hence, takes CPI for making changes in key policy rates.

Check out the weights of different commodities under food and beverages component of CPI

MPC

Consider the following statements regarding ‘Monetary Policy Committee’ 1. statutory under RBI Act 1934 2. inflation target set by RBI 3. Target is revised every 6 years. 4. Finance Minister is the ex-officio chairman of the monetary policy committee. 5. The committee is answerable to the Government if the inflation target is exceeded for 2 consecutive quarters https://t.me/upsc_with_twinkle Correct ?

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When you yourself can not do never ask someone else to Or may be when you yourself are doing something never prohibit others to do same thing. It lowers the value and trust in your words

Himachal Pradesh becomes ‘fully literate State’ - https://www.thehindu.com/news/national/himachal-pradesh/himachal-pradesh-becomes-fully-literate-state/article70026151.ece For the best experience read this on The Hindu App. https://bit.ly/THNewsApp

Consider the following: 1. Respect the National Song of India = FALSE 2. Renounce practices derogatory to the dignity of women 3. Abjure violence 4. Render military service when called upon to do so = FALSE RENDER NATIONAL SERVICE.......NOT MILITARY SERVICE Which of the above is/are Fundamental Duties under the Constitution of India?

Consider the following statements. 1. The writ, Mandamus can be issued against both Public Authorities and Private Individuals. FALSE 2. Mandamus can be issued to enforce a contractual obligation. FALSE 3. Mandamus cannot be issued against the Governor of a State TRUE 4. Mandamus can be issued against a state to refund the tax collected unlawfully. TRUE How many of the statements given above are correct ? [ HPSC - 2023 ]

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NCERT = KING https://t.me/upsc_with_twinkle/3360?comment=6453