Which one of the following is used for indexing dearness allowance to government employees for increase in prices in India ?

Consumer Price Indices (CPI)
Bank rates
Statutory Liquidity Ratio (SLR)
Interest rates

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 1 : Consumer Price Indices (CPI)

The correct answer is option 1, i.e. Consumer Price Indices (CPI).

Consumer Price Indices (CPI), is used for indexing dearness allowance to government employees for increase in prices in India.
There are two sets of inflation indices for measuring price level changes in India - the Wholesale Price Index (WPI) and the Consumer Price Index (CPI).
The WPI, where prices are quoted from wholesalers, is constructed by Office of Economic Affairs, Ministry of Commerce and Industries.
The index used by the Reserve Bank of India till 2014 to make its monetary policy was WPI.
Presently RBI uses CPI to measure Inflation.

4 views Answered 2022-09-04 04:29

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