The basis of determining dearness allowance to employee in India is ______.

national income

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consumer price index

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standard of living

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per capita income

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Solution

The correct option is B consumer price index

A consumer price index (CPI) measures changes in the price level of market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically.

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