UPSC Prelims 2015 – Question 30

UPSC Prelims 2015 – Question 30

UPSC Prelims Mock Test - ECONOMY 2

Q: In the context of modem scientific research, consider the following statements about ‘IceCube’, a particle detector located at South Pole, which was recently in the news:

  1. It is the world’s largest neutrino detector, encompassing a cubic kilometre of ice.
  2. It is a powerful telescope to search for dark matter.
  3. It is buried deep in the ice.

Which of the statements given above is/are correct?

a) 1 only

b) 2 and 3 only

c) 1 and 3 only

d) 1, 2 and 3

The correct answer is Option 3. 

Consumer Price Index Numbers for Industrial Workers 

  • It is designed to measure a change over time in prices of a given basket of goods and services consumed by a defined population (i.e. Industrial Workers). 
  • It is compiled for Industrial Workers residing in 70 centres of industrial importance in the country. 
  • It is compiled and released every month based on the weights derived from the working-Class Family Income and Expenditure Survey and the current prices of the selected items collected from 226 markets spread over 70 centres. 
  • Based on these centre indices the All-India index, which is a weighted average, is derived. 
  • Labour Bureau compiles and releases indices to meet the specific requirements of the Index users of the respective states. Hence, Option 3 is correct. 

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