Question

CPI and WPI as acronyms refer to

• A. Political Parties
• B. Purchasing capacity indices
• C. Price Indices
• D. Poverty indices
• E. Unemployment indices

Hint:

CPI measures retail price changes, while WPI tracks wholesale price changes; both are key price indices.

Answer 1

The Correct Option is C

Step 1: Decode the acronyms.
CPI stands for Consumer Price Index, and WPI stands for Wholesale Price Index, both of which are measures of price changes over time.
Step 2: Match with options.
Price Indices (C) accurately describes CPI and WPI as they track inflation and price levels.
Step 3: Eliminate distractors.
(A) Political Parties — unrelated to CPI and WPI.
(B) Purchasing capacity indices — not a standard term for these indices.
(D) Poverty indices — measures different economic aspects.
(E) Unemployment indices — unrelated to price measurement.
Therefore: The correct answer is (C). \[ \boxed{\text{C}} \]