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CAT 2003 Slot 2 — DILR Question 44

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Passage / Data

Answer the following question based on the information given below.

The following is the Wholesale Price Index (WPI) of a select list of items with the base year of 1993-94. In other words, all the item prices are made 100 in that year (1993-94). Price in all other years for an item are measured with respect to its price in the base year. For instance, the price of cement went up by 1% in 1994-95 as compared to 1993-94. Similarly, the price of power went up by 3% in 1996–97 as compared to 1993-94.

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Which item(s) experienced only one decline in price during the ten-year period?

Answer & solution

Correct answer: Timber and Wages

  • A

    Steel and Limestone

  • B

    Steel and Cement

  • C

    Timber

  • Timber and Wages

Solution

Cement and limestone declined twice each.

Timer and wages declined once each.

Hence, option (d).

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CAT 2003 Slot 2 DILR Q44: Which item(s) experienced only one decline in price during the ten-year period? — Solution | TheCATExam