[PPSC Principal, HM and BPEO, 2020]

28. Choose the code for correct statements :
I. The government recently revised the base year for computing Consumer Price Index for Industrial Workers (CPI-IW) from 2001 to 2016.
II. The CPI-IW is used primarily form easuring the Dearness Allowance (DA) payable to workers in organized sector including banks and PSUs.

1. Only I

2. Only II

3. Both I and II

4. None of the above

Correct Answer :

Both I and II