CAPF (AC) 2013 (Paper-1) (Question 51-100)

• Wholesale Price Index, or WPI, measures the changes in the prices of goods sold and traded in bulk by wholesale businesses to other businesses.
• Wholesale market is only for goods, one cannot buy services on a wholesale basis.
• It is used to track the supply and demand dynamics in industry, manufacturing and construction.
• Theindex is released by the Economic Advisor in the Ministry of Commerce and Industry every month.
• The quantum of rise in the WPI month-after-month is used to measure the level of wholesale inflation in the economy.
• Primary articles’ (22.62%) is a major component of WPI, further subdivided into Food Articles and Non-Food Articles:
• Food Articles: Cereals, Paddy, Wheat, Pulses, Vegetables, Fruits, Milk, Eggs, Meat & Fish, etc.
• Non-Food Articles: Oil Seeds, Minerals and Crude Petroleum.
• The next major basket in WPI is Fuel & Power (13.15%), which tracks price movements in Petrol, Diesel and LPG.
• The biggest basket is Manufactured Goods (64.23%). It spans across a variety of manufactured products such as Textiles, Apparels, Paper, Chemicals, Plastic, Cement, Metals, and more.
• Manufactured Goods basket also includes manufactured food products such as Sugar, Tobacco Products, Vegetable and Animal Oils, and Fats.

Economic Survey of Agency wise credit disbursed in the economics 2006-07 and also 2011-12. In the following table, there is given the share of the cooperative bank, regional rural bank and commercial bank.

As per the above table, the commercial banks' share has remained above 70% consistently. Therefore, the answer is (c).

The definition of Reverse repo rate, "it is the interest rate paid by RBI to its clients for short term loans." Repo rate is the rate RBI charges on its clients for short term loans. Clients of RBI are such as the Central Government, State Government, Banks (commercial, regional rural banks, cooperative banks) and Non-banking financial institutions, etc.

The reverse repo rate is 100 basis points lower than the repo rate. In other words, Repo rate = reverse repo + 1%. So the gap in the recent past is not 'declining'. The gap is fixed at 1%=> statement 3 is incorrect.

WPI (Wholesale Price Index) inflation is used at macro level policymaking, CPI (Consumer Price Index) inflation is used for micro-level analysis. The inflation at WPI is the inflation of the economy.

An official inflation rate is measured based on annual point-to-point basis change in the Wholesale Price Index (WPI). The purpose of WPI is to examine the movement in prices of goods that reflect supply and demand in industry, construction and manufacturing.

Privatization occurs when a government-owned business, operation, or property becomes owned by a private, non-government party.

Privatization of specific government operations occurs in various ways the government transfers ownership of specific facilities or business processes to a private, for-profit company. India selected privatization in the budget of 1991, also known as 'New Economic Policy or LPG policy'.
Goals of Privatisation

• Increase the operating efficiency of Public Enterprises.
• To develop a competitive environment in the industry.
• Generation of resources for a budget deficit.
• Enable the globalization of domestic Industries.
• Toincrease the inflow of foreign capital (FDI).
• Toincrease the number of exports and earn in foreign currency.
• To enable efficient utilization of natural resources of the country.
• To create an environment for rapid industrialization.
• Accord priority to the Welfare activities by the government.
• Prevent the operation of loss-making enterprises.

India is fully convertible on the current account and partly convertible on the capital account. The facility that prevailed in the diplomacy of the government is the rupee which is fully convertible on the current account.

Moreover, the rupee is the same remaining capital account non-convertible. Capital account convertibility permits freedom to change local financial assets into foreign financial assets and vice-versa.

The government of India refers to the absolute poverty household termed as Household consumption. The poverty line defines households earning less than the threshold are referred as the poor.

Poverty is estimated as per the consumer expenditure experiments or surveys of the National Sample Survey Organisation. A poor household means one with an expenditure level and also a particular poverty-line.

The pricing policy of Diesel in India would be in such manner as Fuel component + Customs Duty + Excise Duty + Sales VAT + Dealer's commission. Public sector undertakings should operate their activities at the lowest possible cost along with maximum increased efficiency and they must raise adequate resources for re-investment purposes while determining the price policy various considerations relating to costs and benefits to the various sections of the community are to be considered carefully in our society.

A Mars rover is a motor vehicle that journeys above the surface of the planet Mars upon arrival. The first three are names of rovers sent to Mars over different period by NASA.

The Apollo spacecraft was composed of three parts designed to accomplish the American Apollo program's goal of landing astronauts on the Moon by the end of the 1960s and returning them safely to Earth. The first moon landing took place in 1969. The last moon landing was in 1972.