SSC MTS EXAM

SSC

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The task of measuring GDP is undertaken by the
A
central government
B
state government
C
provincial government
D
all of the above
Explanation: 

Detailed explanation-1: -GDP stands for the Gross Domestic Product of a country and it is the value of all final goods and services produced within a country during a particular year. In India, the mammoth task of measuring GDP is undertaken by a central government ministry.

Detailed explanation-2: -Explanation: The GDP figures in India are released by the Central Statistics Office (CSO), which comes under the Ministry of Statistics and Program Implementation (MOSPI).

Detailed explanation-3: -GDP in a country is usually calculated by the national statistical agency, which compiles the information from a large number of sources. In making the calculations, however, most countries follow established international standards.

There is 1 question to complete.