Which of the following is a major difficulty in measuring national income in developing countries?
A. Complete availability of reliable data for all activities
B. Uniform and comprehensive accounting practices
C. Presence of a large non-monetised and informal sector
D. Absence of any informal economic activity
Answer: Option C
Solution (By JKSSB Mock Tests)
Developing countries face significant measurement challenges due to a large non-monetised sector, widespread informal activities, under-reporting and inadequate statistical systems.
Explanation:
Interoperability is the capacity of different digital systems or platforms to communicate, exchange data and use the exchanged information, which can reduce switching costs and increase contestability.
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