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Consider the following statements about Consumer Food Price Index (CFPI).
1. Consumer Food Price Index (CFPI) is a measure of change in retail prices of food products consumed by a defined population group in a given area with reference to a base year.
2. The Department of Consumer Affairs Ministry of Consumer Affairs, Food and Public Distribution started releasing Consumer Food Price Indices (CFPI).
3. Consumer Food Price Indices (CFPI) released for three categories -rural, urban and combined – separately.
Select the correct answer using the codes given below.
1&3 only
1&2 only
2 only
All the above
Consumer Food Price Index (CFPI) is a measure of change in retail prices of food products consumed by a defined population group in a given area with reference to a base year. The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation (MOSPI) started releasing Consumer Food Price Indices (CFPI) for three categories -rural, urban and combined - separately on an all India basis with effect from May 2014. Do you know? Department of Consumer Affairs (DCA) is one of the two Departments under the Ministry of Consumer Affairs, Food & Public Distribution. It was constituted as a separate Department in June 1997 as it was considered necessary to have a separate Department to give a fillip to the nascent consumer movement in the country The Department has been entrusted with the following work •Internal Trade •The Essential Commodities Act, 1955 (10 of 1955) (Supply, Prices and Distribution of Essential Commodities not dealt with specifically by any other Department). •Prevention of Black Marketing and Maintenance of Supply of Essential Commodities Act, 1980(7 of 1980). •Regulation of Packaged Commodities. •Training in Legal Metrology. •The Emblems and Names (Prevention of Improper Use) Act, 1952. THINK! •Impact of GST on inflation.
By: Shubham Tiwari ProfileResourcesReport error
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