Measuring Inflation In India

The Labour Bureau, attached to the Ministry of Labour and Employment, is responsible for compiling and publishing the Consumer Price Index Number for Industrial Workers (CPI-IW) in India. This index tracks changes in the retail prices of a basket of goods and services consumed by industrial workers. It serves as a crucial indicator of inflation faced by this specific segment of the population. The Labour Bureau is responsible for maintaining: - CPI (Industrial Workers) - CPI (Rural Labourers) - CPI (Agricultural Labourers)

In India, cyber insurance covers (generally) the following - Identity theft - Cyber-bullying and cyber-stalking - Cyber extortion - Malware intrusion - Financial loss due to unauthorized and fraudulent use of bank account, credit card, and mobile wallet - Legal expenses arising out of any covered risk - Social Media Cover - Phishing Cover - E-mail Spoofing - Media Liability Claims Cover - Cyber Extortion Cover - Privacy Breach and Data Breach by Third Party. Cyber insurance generally focuses on damages caused by cyber threats or electronic incidents, not physical damage to devices. Hence, statement 2 is incorrect. Hence only options 1, 3, and 4 are correct.

**Statement 1 is correct.** As per the data given in the Economic Survey 2019-2020, the weightage of food in the Consumer Price Index (CPI) Combined is 45.9% as compared to 24.4% in Wholesale Price Index (WPI). **Statement 2 is correct.** The CPI measures the average change in prices over time that consumers pay for a basket of goods and services, commonly known as inflation, whereas WPI does not measure the average change in prices. **Statement 3 is incorrect.** In April 2014, the RBI adopted the Consumer Price Index (CPI) as its key measure of inflation.  Hence, option A is the correct answer.