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  9. Q38

RPSC RAS 2023 · Question 38 of 145

Consider the following statements regarding inflation : Statement (I) : Head-line inflation refers to the rate of change in the Consumer Price Index Number, a measure of the average price of a standard basket of goods and services consumed by a typical family. Statement (II) : Core inflation measures the change in average consumer prices after excluding from the Consumer Price Index certain items of volatile prices such as food and fuel.

Economy

  1. ANeither (I) nor (II) is correct.
  2. BBoth (I) and (II) are correct.Correct
  3. COnly (II) is correct.
  4. DOnly (I) is correct.

Answer: B. Both (I) and (II) are correct.

Explanation

Official RPSC final answer key (2023): option B.

Source: RPSC RAS Prelims 2023 (01-10-2023), answers per official RPSC final answer key

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