BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following agencies in India is responsible for computation of national income?
A
NCAER
B
CSO
C
NSS
D
RBI
Explanation: 

Detailed explanation-1: -Detailed Solution. The correct answer is Central Statistical Organization. In India, National Income is computed by Central Statistical Organization.

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: -Detailed Solution. The correct answer is the Central Statistical Office. The Central Statistics Office (CSO) is one of the wings of the National Statistical Organisation (NSO), responsible for the coordination of statistical activities in the country and for evolving and maintaining statistical standards.

Detailed explanation-4: -In India, Central Statistical Organisation (1949) now renamed as Central Statistical Office (CSO) has been formulating National Income.

Detailed explanation-5: -NSSO and CSO Merger NSSO became NSO in 2019 by merging NSSO and CSO. The National Sample Survey Office and Central Statistical Office were merged together to form a new organization called National Statistical Office. The central government, on 23 May 2019, approved this merger making it official.

There is 1 question to complete.