GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who estimates the GDP of Indian economy?
A
CSO
B
NSSO
C
IMF
D
RBI
Explanation: 

Detailed explanation-1: -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.

Detailed explanation-2: -The correct answer is Central Statistical Organization. The National Income Unit of the Central Statistical Organisation (C.S.O.) is nowadays entrusted with the measurement of national income.

Detailed explanation-3: -Gross Domestic Product or GDP is a measure of the size of the economy, the total economic activity in a country. It is the most important indicator of how a country is doing financially for several reasons. GDP is a very comprehensive indicator of economic health.

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