Economics • Indian EconomyEasy
What is the primary mandate of the 'National Statistical Office (NSO)' under the Ministry of Statistics and Programme Implementation?
A. Formulating monetary policy interest rates
B. Conducting national sample surveys and compiling macroeconomic aggregates like GDP✓ Correct Answer
C. Regulating the stock markets and protecting investor interests
D. Executing infrastructure projects in rural areas
💡 Solution & Explanation
The National Statistical Office operates under the Ministry of Statistics and Programme Implementation, serving as the nodal agency for conducting large-scale sample surveys and compiling key macroeconomic metrics like Gross Domestic Product and consumer price indices. It does not handle monetary policy formulation or stock exchange regulation. Statistical bodies are important subjects in Indian economy evaluations.
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