Questions

The India's commerce and industry ministry has started the exercise to revise base year to 2017-18 for computation of wholesale inflation with a view to present more realistic picture of the price situation

In May last year, the government revised the base year for WPI-based inflation to 2011-12 to give a better indication of changes in prices of commodities.

The new index, with 2017-18, is expected to have new items, which would provide a more realistic picture of price rise and its impact on people.

Most of the additions could be in the manufactured products category. Currently, the index has a total of 697 items, including primary articles, fuel and power and manufactured products.

No. Boiling water is not a chemical change. Because in this process it doesn't loss its properties. It just changes its state i.e, from liquid state to gaseous.

Hence, Boiling water is a Physiacl change and not a chemical change.

In Europe, Fohn winds are prevalent in Swiss Valleys

Jay Cooke & Company, a major component of the United States banking establishment, found itself unable to market several million dollars in Northern Pacific Railway bonds in september 1873. Cooke's firm, like many others, had invested heavily in the railroads.

Hence, the bankruptcy of Jay Cooke & company initiated the Panic of 1873.