WBCS.LIVE practice question

Which institution is responsible for preparing the official national income estimates in India?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Reserve Bank of India (RBI)
  2. Ministry of Finance
  3. NITI Aayog
  4. Central Statistical Organisation (CSO)

Correct answer and explanation

Correct answer: Central Statistical Organisation (CSO)

Explanation: āœ… Correct Answer: D) Central Statistical Organisation (CSO) šŸ“š Explanation: The Central Statistical Organisation (CSO), operating under the Ministry of Statistics and Programme Implementation, is officially responsible for calculating and publishing the national income estimates of India. It meticulously compiles the GDP data by systematically gathering massive amounts of economic information from various sectors across the country.