WPI - GS questions based on daily current affairs

1)   Which of the following statements is/are correct about WPI?

1. The Indian WPI figure was released weekly on every Thursday for all commodities.
2. Manufactured Products have highest weight in calculation of WPI.

a. Only 1
b. Only 2
c. Both
d. None
Answer  Explanation 

ANSWER: Only 2

Explanation:
- The practice of releasing weekly WPI figure is discontinued in 2012.
- Now WPI is released on monthly basis for all commodities.
- But for Primary Articles and Fuel Group it is released on every Thursday.
- Weight in WPI : Manufactured Products (64.97%), Primary Articles (20.12%), Fuel Group(14.91%).

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