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Which one of the following indices is now used by the Reserve Bank of India to measure the rate of inflation in India?

NASDAQ Index
BSE Index
Consumer Price Index
Wholesale Price Index

Correct Answer: Consumer Price Index

Explanation:

The Wholesale Price Index (WPI) was main index for measurement of inflation in India till April 2014 when RBI adopted new Consumer Price Index (CPI) as the key measure of inflation.

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