GS PrelimsEconomyInflation2015

Which of the following brings out the 'Consumer Price Index Number for Industrial Workers?

A

The Reserve Bank of India

B

The Department of Economic Affairs

C

The Labour Bureau

D

The Department of Personnel and Training

Correct Answer: Option C

Explanation

1. The question asks which organization releases (brings out) the Consumer Price Index Number for Industrial Workers (CPI-IW). 2. The Labour Bureau, an attached office of the Ministry of Labour & Employment, Government of India, is responsible for the compilation and maintenance of the Consumer Price Index Numbers for Industrial Workers (CPI-IW). 3. This index is primarily used for determining dearness allowance (DA) for government employees and workers in the industrial sectors. 4. Option (A) The Reserve Bank of India (RBI) uses CPI data (mainly CPI-Combined compiled by NSO) for inflation targeting but does not compile CPI-IW. 5. Option (B) The Department of Economic Affairs is part of the Ministry of Finance and deals with economic policy formulation, not the compilation of this specific price index. 6. Option (D) The Department of Personnel and Training is concerned with personnel management of government employees and is not involved in compiling price indices. 7. Therefore, the correct answer is The Labour Bureau.

More Economy PYQs

View all Economy questions →

Master UPSC Revision

Get 10,000+ topic-wise MCQs, spaced repetition, daily CSAT challenges, and detailed performance analytics.

Coming Soon to Play Store
Coming Soon to Play Store