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UPSC 2020 • Q67Indian Economy & Socio-Economic DevelopmentMedium
Monetary Policy, RBI & Inflation Dynamics
Consider the following statements: 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. Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates.
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