UPSC 2015 › Indian Economy › Inflation & Price Indices

2 questions · 2015 · answers as per the UPSC key

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UPSC 2015 · Q29 · Indian Economy › Inflation & Price Indices · Save

Which of the following brings out the ‘Consumer Price Index Number for Industrial Workers’?

(a) The Reserve Bank of India
(b) The Department of Economic Affairs
(c) The Labour Bureau
(d) The Department of Personnel and Training
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Answer: (c) The Labour Bureau
UPSC 2015 · Q87 · Indian Economy › Inflation & Price Indices · Save

With reference to inflation in India, which of the following statements is correct?

(a) Controlling the inflation in India is the responsibility of the Government of India only
(b) The Reserve Bank of India has no role in controlling the inflation
(c) Decreased money circulation helps in controlling the inflation
(d) Increased money circulation helps in controlling the inflation
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Answer: (c) Decreased money circulation helps in controlling the inflation