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Question

Q. Which of the following pairs are correctly matched?

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

Select the correct answer using the code given below:

A
1, 3 and 4 only
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B
1, 2 and 4 only
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C
2, 3 and 4 only
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D
1, 2, 3 and 4
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Solution

The correct option is A 1, 3 and 4 only

Explanation:

  • CPI for Industrial Workers (CPI-IW): It tries to measure the alterations over a time period on the prices of a fixed basket of goods and services utilized by Industrial workers. It is compiled by the Labour Bureau under the Ministry of Labour and Employment.
  • CPI for Agricultural Labourers (CPI-AL): It is a key data set used to revise the minimum wages for agricultural labour in different States. It is compiled by the Labour Bureau under the Ministry of Labour and Employment.
  • Consumer Price Index or CPI is compiled by the Central Statistics Office (CSO) which is now the National Statistical Office (NSO). It comes under the Ministry of Statistics and Program Implementation.
  • WPI measures the change in prices of commodities at the wholesale level. It is published by the Office of Economic Advisor under the Ministry of Commerce & Industry.

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