Consumer Price Index for Industrial Workers (CPI-IW) in India is primarily used for:
A. Setting export subsidies
B. Adjusting wholesale trade contracts
C. Revising dearness allowance for government employees
D. Calculating GDP deflator
Answer: Option C
Solution (By JKSSB Mock Tests)
CPI-IW tracks price changes for a basket consumed by industrial workers and is the key index used by the Indian government to adjust dearness allowance (DA) for central government employees and pensioners.
Assertion (A): The geometric mean is always less than or equal to the arithmetic mean for the same dataset. Reason (R): This is a consequence of the AM-GM inequality in mathematics.
A.Both A and R are true, and R is the correct explanation of A
B.A is false but R is true
C.Both A and R are true, but R is not the correct explanation of A
Explanation:
The AM-GM inequality states that for non-negative real numbers, the arithmetic mean is always greater than or equal to the geometric mean, with equality only when all values are identical.
No comments yet. Be the first to start the discussion!