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Consider the following statements:
1. The National Statistical Office publishes the Consumer Price Index (CPI) (NSO).
2. The CPI for Industrial Workers (IW) is compiled by the Ministry of Labour and Employment's Labor Bureau.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Consider the following statements:1. The National Statistical Office p...
  • The Consumer Price Index (CPI) measures price changes from a retail buyer's perspective. It is released by the National Statistical Office (NSO). 
  • The CPI calculates the difference in the price of commodities and services such as food, medical care, education, electronics etc, which Indian consumers buy for use.
  • The CPI has several sub-groups including food and beverages, fuel and light, housing and clothing, bedding and footwear.
  • Four types of CPI are as follows:
  1. CPI for Industrial Workers (IW).
  2. CPI for Agricultural Labourer (AL).
  3. CPI for Rural Labourer (RL).
  4. CPI (Rural/Urban/Combined).
  • CPI for Industrial Workers (IW), CPI for Agricultural Labourer (AL) and CPI for Rural Labourer (RL) are compiled by the Labour Bureau in the Ministry of Labour and Employment. 
    • CPI (Rural/Urban/Combined) is compiled by the National Statistical Office (NSO) in the Ministry of Statistics and Programme Implementation.
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Consider the following statements:1. The National Statistical Office publishes the Consumer Price Index (CPI) (NSO).2. The CPI for Industrial Workers (IW) is compiled by the Ministry of Labour and Employments Labor Bureau.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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