Economics · Labor Economics and Inflation
What forms the primary baseline for determining the minimum wage and Dearness Allowance (DA) structure within Indian wage policy?
- 1Export-Import balance of the country
- 2Per capita national income
- 3Cost of living index / Consumer Price Index (CPI)✓
- 4Gross Domestic Product (GDP) growth rate
Correct answer
Cost of living index / Consumer Price Index (CPI)
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