Economy

The difference in WPI and CPI, measurement of inflation

Wholesale Price Index(WPI) was main index for measuring of inflation in India till 2014. RBI adopted new CPI(Combined) as the key measure of inflation. Differences in CPI and WPI WPI is calculated by Office of ...

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How banks works? History and risk associated to banks

Bank gets deposits from its deposit customers. Customers in return get interest. The number of people who deposit money is generally larger than lending customers(who takes loans). So the bank has enough money to pay ...

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Difference between Socialism and Communism

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