The 'consumer price index' in India is released by which organization? MCQ with Answer and Explanation

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The 'consumer price index' in India is released by which organization?

A. Ministry of Finance

B. Labour Bureau

C. National Statistical Office

D. RBI

Answer: Option C

Solution (By JKSSB Mock Tests)

CPI is released by the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

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Question #1

The value added method of measuring national income is primarily used to:

A. include transfer payments

B. measure informal sector output

C. estimate depreciation

D. avoid double counting

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Correct Answer: Option D

Explanation:
The value added method avoids double counting by measuring only the addition to value at each stage of production.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Factories Act' in India was enacted in which year?

A. 1950

B. 1947

C. 1948

D. 1956

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Correct Answer: Option C

Explanation:
The Factories Act was enacted in 1948.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on art and culture events is:

A. 18%

B. 0%

C. 5%

D. 12%

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Correct Answer: Option A

Explanation:
Art and culture events generally attract 18% GST, with some exemptions.

This question belongs to: Economy GK Economy Set 1

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