Q. Which one of the following organizations is responsible for compiling the Consumer Price Index for Industrial Workers (CPI-IW) in India?

[A] National Statistical Office (NSO)

[B] Ministry of Finance

[C] Labour Bureau

[D] Reserve Bank of India (RBI)

Answer: C
Notes:

Explanation – The Labour Bureau, under the Ministry of Labour and Employment, is responsible for compiling and releasing the CPI-IW in India. The index is a measure of inflation and is primarily used to determine the rate of inflation faced by industrial workers. Additionally, the index is also used to calculate the dearness allowance (DA) for government employees and workers in the organized sector.

Source: The Hindu

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