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

Question
The 'National Statistical Office' in India is responsible for:
A. regulation of stock exchanges
B. collection and publication of statistical data including national accounts
C. currency printing
D. conducting elections
Answer: Option B
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 'National Skill Development Corporation' was set up as a:
A. regulatory body
B. public-private partnership
C. government department
D. state-owned company only
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Correct Answer: Option B

Explanation:
NSDC is a public-private partnership for skill development.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a market structure based on the number of sellers?
A. Monopoly, duopoly, oligopoly and perfect competition
B. Only bilateral monopoly
C. Only monopolistic competition as buyer-based
D. Only monopsony
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Correct Answer: Option A

Explanation:
Market structures classified by the number of sellers include monopoly (one), duopoly (two), oligopoly (few) and perfect competition (many).
This question belongs to: Economy GK Economy Set 1
Question #3
The 'optimal currency area' theory was developed by:
A. Milton Friedman
B. John Maynard Keynes
C. Paul Krugman
D. Robert Mundell
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Correct Answer: Option D

Explanation:
Robert Mundell developed the theory of optimal currency areas.
This question belongs to: Economy GK Economy Set 1
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