Consider the following statements regarding weightage of different articles in Wholesale Price Index (WPI):<br>1. Fuel and power have higher weightage in WPI than that of primary articles.<br>2. Weightage of manufactured products in WPI is higher than that of fuel and power.<br>Which of the statements given above is/are correct?
- A. 1 only
- B. 2 only ✓
- C. Both 1 and 2
- D. Neither 1 nor 2
Correct Answer: B. 2 only
Explanation
In the WPI (Base 2011-12), manufactured products have the highest weightage (approx 64.2%), followed by primary articles (22.6%), and fuel & power (13.1%). Thus, only statement 2 is correct.
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