Economics • Economic BasicsEasy
Which of the following measurements is primarily utilized by the Directorate of Economics and Statistics in Chhattisgarh to monitor the general price level variations in rural retail markets within the state?
A. Consumer Price Index for Rural Labourers✓ Correct Answer
B. Wholesale Price Index of Chhattisgarh
C. Gross State Domestic Product Deflator
D. Industrial Production Index of Bilaspur
💡 Solution & Explanation
The Consumer Price Index specifically compiled for rural labourers serves as a standard benchmark for assessing retail price changes across rural markets in Chhattisgarh. Other choices like the wholesale price index capture producer-level transactions rather than retail consumer realities. The state economy also tracks regional output growth through the sectoral distribution of Gross State Domestic Product.
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