Economic Awareness - Sectors of Indian Economy
Which of the following indices is used to measure inflation specifically for industrial workers in India?
Which of the following indices is used to measure inflation specifically for industrial workers in India?
easy Q1 of 15
Step-by-Step Solution
Step 1: Understand CPI types
Consumer Price Index has different variants for different population groups, including Industrial Workers and Agricultural Labourers.Step 2: Identify the correct CPI type for industrial workers
CPI for Industrial Workers (CPI-IW) specifically measures inflation for industrial workers, while CPI for Agricultural Labourers measures for agricultural workers. Wholesale Price Index and GDP Deflator are different inflation measures.Final Answer:
CPI for Industrial Workers → Option CQuick Check:
CPI for Industrial Workers = CPI-IW ✅
Quick Trick: Remember CPI-IW is for industrial workers.
Common Mistakes:
- Confusing CPI-IW with CPI-AL or wholesale price indices.
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