New 55% Off on All Courses - Enroll Now! Click Here

    Question

    The wholesale price index (WPI) grew 11.16 per cent during the month of July, while the WPI for June was 12.07 per cent, the data showed. The WPI in August 2020 was at 0.41 per cent. “The high rate of inflation in August 2021 is primarily due to rise in prices of non-food articles, mineral oils; crude petroleum & natural gas; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year,” the ministry statement said. The food articles segment witnessed a (-)1.29 per cent change in August, the data showed. In the month prior to that, this was zero per cent.

    Which of the following is not published by Labour

    Bureau in the Ministry of Labour and Employment?
    A CPI for Industrial Workers (IW) Correct Answer Incorrect Answer
    B CPI for Agricultural Labourer (AL) Correct Answer Incorrect Answer
    C CPI for Rural Labourer (RL) Correct Answer Incorrect Answer
    D CPI (Rural/Urban/Combined) Correct Answer Incorrect Answer
    E All of the above are compiled by Labour Bureau Correct Answer Incorrect Answer

    Solution

    Four types of CPI are as follows: CPI for Industrial Workers (IW). CPI for Agricultural Labourer (AL). CPI for Rural Labourer (RL). CPI (Rural/Urban/Combined). Of these, the first three are compiled by the Labour Bureau in the Ministry of Labour and Employment. Fourth is compiled by the NSO in the Ministry of Statistics and Programme Implementation.

    Practice Next