October retail inflation 6.09%: Tamil Nadu tops large states – Quiz (13.11.2026)

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October retail inflation 6.09%: Tamil Nadu tops large states – Quiz (13.11.2026) – 5 questions, subject: Current Affairs. Every question has the correct answer with a one-line explanation; tap "Show Answer". Free practice for TNPSC, UPSC, SSC, Bank and RRB exams – Shanmugam IAS Academy, Coimbatore.

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1.  
RBI's inflation target is measured using which index?

Correct Answer: C [CPI-Combined]

Explanation:

CPI-Combined (rural + urban), released by the NSO. It replaced WPI as the key measure on the Urjit Patel Committee's 2014 advice.

2.  
Under Section 45ZA of the RBI Act, 1934, who fixes the inflation target?

Correct Answer: C [Centre, consulting RBI]

Explanation:

The Centre, in consultation with the RBI, once every five years – now 4% (±2%). The MPC only decides the repo rate.

3.  
What is the base year of the new Consumer Price Index series used from January 2026 data?

Correct Answer: B [2024]

Explanation:

2024 = 100 (earlier 2012). Prices are collected weekly from 1,407 urban markets and 1,465 villages.

4.  
Which body compiles and releases India's Wholesale Price Index (WPI)?

Correct Answer: A [Economic Adviser, DPIIT]

Explanation:

The Office of the Economic Adviser, DPIIT (Commerce & Industry Ministry). The NSO issues CPI; the Labour Bureau issues CPI-IW.

5.  
A rise in onion prices because crop damage cut supply is an example of which type of inflation?

Correct Answer: B [Cost-push inflation]

Explanation:

A supply shock = cost-push inflation. Excess demand causes demand-pull; rising prices with stagnant growth is stagflation.

📘 TNPSC பொது அறிவு அலகு V (பகுதி 2) — தமிழகப் பொருளாதாரம் (Tamil Nadu Economy) – முழுமையான பாடநூல்
Here you get the answer with a one-line explanation. NPSC பொது அறிவு அலகு V — தமிழகப் பொருளாதாரம் முழுவதும் · 10 அத்தியாயங்கள் · 400 பயிற்சி வினாக்கள் விடை + விளக்கத்துடன் · அட்டவணைகள், காலவரிசைகள், மனவரைபடங்கள் · அக்டோபர் 2026 வரையிலான தரவுகள்
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