MPSC PYQEconomicsenglish
Which of the following statements is true about the Consumer Price Index for Industrial Workers (CPI-IW)? a. It applies to all workers in India, regardless of their sector. b. It is solely used to determine the minimum wage. c. It is based on fixed basket of goods and services which never changes. d. It helps to ensure that industrial workers receive fair wages and maintain a decent standard of living.
A.Only a
B.Only c
C.Only d
D.Both a and b
Correct answer: C