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CPI for industrial workers(1982=100) is 526 in January 2005 which would mean ______.
  • a)
    the industrial worker has to pay Rs. 526 in January 2005 to survive
  • b)
    if the industrial worker spent Rs 100 in 1982 for a basket of commodities, he needs Rs 526 in January 2005 to be able to buy an identical basket of commodities.
  • c)
    the industrial worker has to pay Rs. 526 in January 2005 on basic commodities
  • d)
    the industrial worker has to pay Rs. 527 in January 2005 on basic commodities
Correct answer is option 'B'. Can you explain this answer?
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CPI for industrial workers(1982=100) is 526 in January 2005 which woul...
if the industrial worker spent Rs 100 in 1982 for a basket of commodities, he needs Rs 526 in January 2005 to be able to buy an identical basket of commodities.
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CPI for industrial workers(1982=100) is 526 in January 2005 which woul...
Explanation:

To understand the given statement, let's break it down and analyze it step by step.

- CPI for industrial workers(1982=100) is 526 in January 2005: This means that the Consumer Price Index (CPI) for industrial workers in January 2005 is 526. The base year for the CPI calculation is 1982, where the index value is set to 100.

- If the industrial worker spent Rs 100 in 1982 for a basket of commodities: This statement is referring to the cost of a basket of commodities in 1982. It assumes that the industrial worker spent Rs 100 to purchase this basket of commodities in the base year.

- He needs Rs 526 in January 2005 to be able to buy an identical basket of commodities: This statement implies that due to inflation and the increase in prices over time, the industrial worker would need to spend Rs 526 in January 2005 to purchase the same basket of commodities that cost Rs 100 in 1982.

Summary:

Therefore, the correct answer is option 'B': if the industrial worker spent Rs 100 in 1982 for a basket of commodities, he needs Rs 526 in January 2005 to be able to buy an identical basket of commodities. This answer is based on the given information about the CPI for industrial workers and the concept of inflation, which causes prices to rise over time.
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CPI for industrial workers(1982=100) is 526 in January 2005 which would mean ______.a)the industrial worker has to pay Rs. 526 in January 2005 to surviveb)if the industrial worker spent Rs 100 in 1982 for a basket of commodities, he needs Rs 526 in January 2005 to be able to buy an identical basket of commodities.c)the industrial worker has to pay Rs. 526 in January 2005 on basic commoditiesd)the industrial worker has to pay Rs. 527in January 2005 on basic commoditiesCorrect answer is option 'B'. Can you explain this answer?
Question Description
CPI for industrial workers(1982=100) is 526 in January 2005 which would mean ______.a)the industrial worker has to pay Rs. 526 in January 2005 to surviveb)if the industrial worker spent Rs 100 in 1982 for a basket of commodities, he needs Rs 526 in January 2005 to be able to buy an identical basket of commodities.c)the industrial worker has to pay Rs. 526 in January 2005 on basic commoditiesd)the industrial worker has to pay Rs. 527in January 2005 on basic commoditiesCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about CPI for industrial workers(1982=100) is 526 in January 2005 which would mean ______.a)the industrial worker has to pay Rs. 526 in January 2005 to surviveb)if the industrial worker spent Rs 100 in 1982 for a basket of commodities, he needs Rs 526 in January 2005 to be able to buy an identical basket of commodities.c)the industrial worker has to pay Rs. 526 in January 2005 on basic commoditiesd)the industrial worker has to pay Rs. 527in January 2005 on basic commoditiesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for CPI for industrial workers(1982=100) is 526 in January 2005 which would mean ______.a)the industrial worker has to pay Rs. 526 in January 2005 to surviveb)if the industrial worker spent Rs 100 in 1982 for a basket of commodities, he needs Rs 526 in January 2005 to be able to buy an identical basket of commodities.c)the industrial worker has to pay Rs. 526 in January 2005 on basic commoditiesd)the industrial worker has to pay Rs. 527in January 2005 on basic commoditiesCorrect answer is option 'B'. Can you explain this answer?.
Solutions for CPI for industrial workers(1982=100) is 526 in January 2005 which would mean ______.a)the industrial worker has to pay Rs. 526 in January 2005 to surviveb)if the industrial worker spent Rs 100 in 1982 for a basket of commodities, he needs Rs 526 in January 2005 to be able to buy an identical basket of commodities.c)the industrial worker has to pay Rs. 526 in January 2005 on basic commoditiesd)the industrial worker has to pay Rs. 527in January 2005 on basic commoditiesCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
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