Q.

Which of the following statements are true ? 

i) Inflation increases the standard of living of the people

ii) Value of money is shown by changes in its purchasing power

iii) Change in cost of living does not affect the standard of living of pensioners

iv) Central Government workers are compensated for inflation by rise in DA.

v) WPI measures changes in the price level of only consumer goods

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a

ii and iv 

b

iii and iv 

c

iv and v 

d

ii, iii and iv

answer is A.

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