Q:
      
      
         
            
Which  one  of  the  following  indices  is  now used  by  the  Reserve  Bank  of  India  to measure the rate of inflation in India?
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: C) Consumer Price Index         
         
Explanation: The  Wholesale  Price  Index  (WPI) was  main  index  for  measurement of  inflation  in  India  till  April  2014 when  RBI  adopted  new  Consumer Price   Index   (CPI)   as   the   key measure of inflation.
       
      
      
      
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