UPSC Prelims Practice Questions — A new CPI base, a clearer inflation signal

Q1. Under the COICOP 2018 classification adopted in the revised CPI series (base 2024=100), into how many top-level divisions is the item basket grouped?

  • A. 6
  • B. 10
  • C. 12
  • D. 43

Q2. Which body is responsible for the monthly field collection of retail prices used to compile the revised CPI (base 2024=100)?

  • A. Field Operations Division of the National Statistics Office (NSO), MoSPI
  • B. Monetary Policy Department of the Reserve Bank of India
  • C. Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade
  • D. Directorate of Economics and Statistics, Department of Consumer Affairs

Q3. In the context of the revised CPI series, the term 'COICOP' refers to which one of the following?

  • A. Classification of Individual Consumption According to Purpose
  • B. Consumption Order Index of Commodity Output Prices
  • C. Combined Output Index of Consumer Price
  • D. Composite Indicator of Cost of Production