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GS Paper IUPSC Prelims 1997
Banking & Financial System
Question No. 122Interactive Test Mode
00:00
+2-0.66

Q122. In India, inflation is measured by the:

In India, inflation is measured by the:

Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 1997 • Indian Economy

Correct Answer: Option (A) — Wholesale Price Index number

Concept & Option Breakdown

Standard Reference Verified

• In 1997 (and up until 2014), the Wholesale Price Index (WPI) was the official headline index used in India to measure inflation and guide macroeconomic policy. • (Note: Since 2014, the Reserve Bank of India and government adopted the Consumer Price Index (CPI-Combined) as the official metric for headline inflation and monetary policy targeting).

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 1997 (Q122)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Banking & Financial System
Official Answer KeyOption (A) — Wholesale Price Index number

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Frequently Asked Questions — UPSC Prelims 1997 Q122

What is the official answer for UPSC Prelims 1997 GS Paper I Question 122 (Indian Economy)?

The official UPSC answer key for this 1997 Indian Economy (Banking & Financial System) question is Option (A): "Wholesale Price Index number". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 1997 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Banking & Financial System". You can explore all repeated questions from Banking & Financial System in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Banking & Financial System UPSC Prelims question using option elimination?

To solve Banking & Financial System questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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