This Exam Covers the Following Topics

1. Inflation Overview: Understanding inflation, its types, causes, and effects on the economy.
2. Monetary Measures to Control Inflation: Steps taken by the Reserve Bank of India (RBI), such as increasing policy rates to contain inflation.
3. Inter-Ministerial Group (IMG) on Inflation: Formation, objectives, and recommendations of the IMG in managing inflation, especially related to primary food articles and fuel prices.
4. Diesel Pricing and Inflation: Policy options discussed by IMG for reducing price distortions between diesel and other petroleum products and the impact of diesel price revisions on inflation.
5. Producer Price Index (PPI) vs. Wholesale Price Index (WPI): Explanation of the shift from WPI to PPI in India, its benefits, and differences, and the impact on inflation measurement.
6. Housing Price Index (HPI): Development and implementation of India’s official HPI by the National Housing Bank (NHB), including its objectives and coverage of cities.
7. Service Price Index (SPI): Need and development of the SPI in India due to the growing contribution of the service sector to GDP, sectors covered, and the technical assistance involved.
8. Policy Reforms and Inflation Control: Discussion on reforms such as the Agricultural Produce Market Committee (APMC) Act and FDI in multi-brand retail trading to control inflation.
9. Impact of Policy Measures on Inflation: The direct and indirect impacts of various policy measures, such as price adjustments and subsidies, on inflation and the overall economy.
10. Economic Indices and Their Relevance: Overview of various economic indices like the PPI, WPI, CPI (Consumer Price Index), and HPI, their calculation methods, and relevance in economic analysis.

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