Consider the following about CPI
1. It is calculated by Economic Advisor of the Ministry of Commerce
2. It measures retail inflation

Which of the following is/are correct

1 only

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2 only

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Both 1 and 2

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None of the above

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Solution

The correct option is B 2 only
CPI for Industrial Workers (IW),CPI for Agricultural Labourer (AL),CPI for Rural Labourer (RL),CPI (Rural/Urban/Combined) are 4 types of CPI. Of these, the first three are compiled by the Labour Bureau in the Ministry of Labour and Employment. Fourth is compiled by the Central Statistical Organisation (CSO) in the Ministry of Statistics and Programme Implementation.

Consumer Price Index measures price changes from the perspective of a retail buyer.

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Similar questions

List A(Index)	List B(Ministry)
1. CPI (IW)	Ministry of Labour and Employment
2. CPI (AL)	Ministry of Agriculture
3. CPI (Combined)	Ministry of Statistics and Programme Implementation
4. WPI	Ministry of Commerce and Industry

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