The 'consumer price index' for rural and urban areas separately is compiled by: MCQ with Answer and Explanation

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The 'consumer price index' for rural and urban areas separately is compiled by:

A. Labour Bureau

B. RBI

C. National Statistical Office

D. Ministry of Finance

Answer: Option C

Solution (By JKSSB Mock Tests)

CPI-Rural and CPI-Urban are compiled by the NSO.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the expenditure method of GDP estimation, which of the following is included?

A. Sale of old shares

B. Transfer payments

C. Final consumption expenditure

D. Intermediate consumption

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Correct Answer: Option C

Explanation:
The expenditure method includes final consumption expenditure, investment, government expenditure and net exports.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'multiplier-accelerator interaction' explains:

A. business cycles and fluctuations in income

B. monetary policy only

C. inflation only

D. exchange rates

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Correct Answer: Option A

Explanation:
Multiplier-accelerator interaction explains cyclical fluctuations in income.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Human Capital Formation' includes investment in:

A. physical infrastructure only

B. financial assets

C. education, health and training

D. machinery

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Correct Answer: Option C

Explanation:
Human capital formation involves education, health and training investments.

This question belongs to: Economy GK Economy Set 1

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