The 'National Statistical Office' in India is responsible for: MCQ with Answer and Explanation

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The 'National Statistical Office' in India is responsible for:

A. collection and publication of statistical data including national accounts

B. currency printing

C. regulation of stock exchanges

D. conducting elections

Answer: Option A

Solution (By JKSSB Mock Tests)

NSO collects and publishes official statistics including national accounts and price indices.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'G20' comprises how many members?

A. 20 countries

B. 24 countries

C. 22 countries

D. 19 countries plus EU

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Correct Answer: Option D

Explanation:
G20 comprises 19 countries and the European Union.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'supply-side economics' emphasizes which policies?

A. raising taxes

B. increasing aggregate demand

C. reducing tax rates and regulation to increase output

D. increasing money supply

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Correct Answer: Option C

Explanation:
Supply-side economics emphasizes lower taxes and reduced regulation to stimulate production.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the Indian money market?

A. Presence of call money, treasury bills, commercial paper and certificates of deposit

B. Dominance of long-term instruments only

C. Absence of short-term instruments

D. No role for the Reserve Bank of India

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Correct Answer: Option A

Explanation:
The Indian money market comprises various short-term instruments including the call/notice money market, treasury bills, commercial paper, certificates of deposit and collateralised instruments.

This question belongs to: Economy GK Economy Set 1

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