Civil Services Prep

Prelims 2015 · Economy · Question 29

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

  1. The Reserve Bank of India
  2. The Department of Economic Affairs
  3. The Labour Bureau
  4. The Department of Personnel and Training

Answer

The Labour Bureau

  • (a) Reserve Bank of India: RBI uses inflation data for monetary policy, but it does not compile CPI-IW. Incorrect.
  • (b) Department of Economic Affairs: DEA deals with economic policy and budget-related matters, not compilation of CPI-IW. Incorrect.
  • (c) Labour Bureau: The Labour Bureau, Ministry of Labour and Employment brings out the Consumer Price Index for Industrial Workers (CPI-IW). Correct.
  • (d) Department of Personnel and Training: DoPT handles personnel administration and civil services matters, not price indices. Incorrect.
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