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Communist Party of India formed in 1925 at Kanpur, inspired by Russian Revolution and Marxist ideology.
Ref: NCERT Political Science Class XII Chapter 5 Party System explains Congress umbrella one party dominance Rajni Kothari socialist communist swatantra.
CPI captures changes in price levels correct per microeconomics basics; central problems scarcity choice opportunity cost.
Ref: NCERT Economics Class XI Chapter 1 Introduction to Microeconomics explains central problems scarcity choice PPC opportunity cost concepts clearly.
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