Q29 · UPSC Prelims 2015 · Set A · Current Affairs and GK

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Which of the following brings out the 'Consumer Price Index Number for Industrial Workers'?

A The Reserve Bank of India
B The Department of Economic Affairs.
C The Labour Bureau
D The Department of Personnel and Training

Correct answer: (c) The Labour Bureau

Explanation

  1. A

    The Reserve Bank of India

    (a) The Reserve Bank of India. RBI compiles monetary and some price series, but CPI-IW is a Labour Bureau product. RBI is not the key.

  2. B

    The Department of Economic Affairs.

    (b) The Department of Economic Affairs. DEA is the finance-policy wing; it does not bring out CPI-IW.

  3. C

    The Labour Bureau

    (c) The Labour Bureau. The Labour Bureau (Ministry of Labour and Employment) compiles the Consumer Price Index for Industrial Workers. That is the official key.

  4. D

    The Department of Personnel and Training

    (d) The Department of Personnel and Training. DoPT handles personnel rules, not price indices.

Summary. Official key is (c) The Labour Bureau. CPI-IW is compiled by the Labour Bureau for industrial workers’ cost of living and DA fixation. RBI, DEA and DoPT do not issue that series. Only the Labour Bureau matches the stem.

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