What is the name of department that released the provisional estimates of national GDP for 2015-16 on 31 May 2016

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Central Statistical Office (CSO)
B	Economic and Social Council (ECOSOC)
C	Economic Cooperation Organization (ECO)
D	None of the above

Explanation:

Detailed explanation-1: -Ministry of Statistics and Programme Implementation, Government of India evaluates GDP in India.

Detailed explanation-2: -GDP = (GVA) + (Taxes earned by the government)-(Subsidies provided by the government). As such, if the government earned more from taxes than what it spent on subsidies, GDP will be higher than GVA.

Detailed explanation-3: -The first advance estimate for 2022-23 released by the National Statistical Office (NSO) on Friday estimated GDP growth at 7%, slower than the 8.7% expansion posted in 2021-22. The estimate is a shade higher than the Reserve Bank of India (RBI), which pegged it at 6.8%.

Detailed explanation-4: -Detailed Solution. The correct answer is the Central Statistics Office. The Central Statistics Office (CSO), under the Ministry of Statistics and Program Implementation, is responsible for calculating the GDP of India, macroeconomic data gathering, and statistical record keeping.

There is 1 question to complete.