551 views

Answer the question on the basis of the following information.

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.

 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-2000 2000-01 2001-02 2002-03 All Items 100 102.0 102.5 104.00 103.00 105.00 106.00 108.00 107.00 106.00 Cement 100 101.0 100.5 103.00 102.50 103.50 103.10 103.80 103.70 104.00 Limestone 100 102.0 102.5 102.75 102.25 103.00 104.00 105.00 104.50 105.00 Power 100 101.5 102.5 103.00 103.50 104.00 106.00 107.00 107.50 108.00 Steel 100 101.5 101.0 103.50 104.00 104.25 105.00 105.50 106.00 105.50 Timber 100 100.5 101.5 102.00 102.50 102.00 103.00 103.50 104.00 104.50 Wages 100 101.5 103.0 103.50 104.00 104.25 104.00 104.75 104.90 105.30

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

1. Steel and Limestone
2. Steel and Timber
3. Timber
4. Timber and Wages

Answer: $\text{D}$ Timber and Wages.
by
1.5k points

1
421 views