BANKING AFFAIRS

Detailed explanation-1: -The National Income Committee, formed in 1949, calculated the National Income of India and compiled statistics in the post-independence period.

Detailed explanation-2: -The Central Statistics Office (CSO) in the Ministry of Statistics and Programme Implementation (MoS & PI) is responsible for the compilation of National Accounts Statistics (NAS).

Detailed explanation-3: -CSO which takes up the responsibility of estimating national income stands for Central Statistical Organisation.

Detailed explanation-4: -The Central Statistics Office coordinates the statistical activities in the country and evolves statistical standards. It is headed by a Director General assisted by 5 Additional Director Generals.