question_answer

      The definition of Wholesale Price Index (WPI) is as follows:

1. The WPI is a weighted average of indices covering 676 commodities, which are traded in primary,

2. Manufacturing and fuel and power-sectors.

3. It is the retail price average of a basket of goods and services directly consumed by the people.

Choose the correct definition.

A) 1 only                          

B) 2 only

C) 1 and 2                        

D) None of the Above