2001 General Studies, all questions
UPSC Prelims 2001 · General Studies
Question 9: Economy and Social Development
The new series of Wholesale Price Index (WPI) released by the Government of India is with reference to the base prices of
a1981-82
b1990-91
c1993-94
d1994-95
AnswerThe answer is (c).
The new series of the Wholesale Price Index brought out in 2000 used 1993-94 as its base year, replacing the 1981-82 series. The base year is shifted from time to time so that the commodity basket and weights reflect current production and trade. Remember the sequence of WPI bases: 1981-82, then 1993-94, later 2004-05 and 2011-12.
Why each option is right or wrong
- (a) 1981-82 was the base of the earlier series that the new one replaced.
- (b) 1990-91 has not been a WPI base year.
- (c) Right: the new series had 1993-94 as base.
- (d) 1994-95 is not a WPI base; the series starts a year earlier.
Explanation: written by UPSC Grade, not by UPSC.
Source: UPSC, Civil Services (Preliminary) Examination 2001, General Studies. UPSC's own paper isn't online; the words are from a published compilation. The paper on upsc.gov.in.