UPSC Prelims Practice Questions — Release of Supply and Use Tables of 2022-23 and 2023-24: Detailed Product-Industry Insights into the Indian Economy
Q1. With reference to the Supply and Use Tables (SUTs) of the Indian economy, consider the following statements:
1. They are compiled following the United Nations System of National Accounts (SNA) framework.
2. They are presented as rectangular matrices with products along one dimension and industries along another.
3. On the supply side, they record only the domestic output of goods and services and exclude imports.
4. They apply the product-balancing principle whereby the total supply of each product equals its total use in the economy.
Which of the above is/are correctly identified as features of SUTs?
- They are compiled following the United Nations System of National Accounts (SNA) framework.
- They are presented as rectangular matrices with products along one dimension and industries along another.
- On the supply side, they record only the domestic output of goods and services and exclude imports.
- They apply the product-balancing principle whereby the total supply of each product equals its total use in the economy.
- A. 1, 2 and 3 only
- B. 1 and 4 only
- C. 1, 2 and 4 only
- D. 2, 3 and 4 only
Q2. With reference to the distinction between Supply and Use Tables (SUTs) and Input-Output Transaction Tables (IOTTs) in the Indian statistical system, consider the following statements:
1. Whereas an IOTT is typically a square matrix linking commodities to commodities (or industries to industries), an SUT is a rectangular matrix linking products with industries.
2. In India, the Input-Output Transaction Tables are now the primary source data from which the Supply and Use Tables are constructed each year.
3. Unlike IOTTs, SUTs are integrated with the National Accounts framework to reconcile the production and expenditure approaches in GDP estimation.
Which of the statements given above is/are correct?
- Whereas an IOTT is typically a square matrix linking commodities to commodities (or industries to industries), an SUT is a rectangular matrix linking products with industries.
- In India, the Input-Output Transaction Tables are now the primary source data from which the Supply and Use Tables are constructed each year.
- Unlike IOTTs, SUTs are integrated with the National Accounts framework to reconcile the production and expenditure approaches in GDP estimation.
- A. 1 only
- B. 1 and 2 only
- C. 1 and 3 only
- D. 1, 2 and 3
Q3. With reference to the institutional architecture of India's official statistical system, consider the following bodies:
1. Central Statistics Office (CSO)
2. National Sample Survey Office (NSSO)
3. Computer Centre
4. National Statistical Commission (NSC)
Which of the above is/are correctly identified as constituent units of the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation?
- Central Statistics Office (CSO)
- National Sample Survey Office (NSSO)
- Computer Centre
- National Statistical Commission (NSC)
- A. 1 and 2 only
- B. 1, 2 and 3 only
- C. 2, 3 and 4 only
- D. 1, 2, 3 and 4
Q4. With reference to the National Statistical Commission (NSC) and the National Statistical Office (NSO), consider the following statements:
1. The NSC is an autonomous body, whereas the NSO functions as a subordinate office under the Ministry of Statistics and Programme Implementation.
2. The NSC was constituted on the recommendation of the Rangarajan Commission, whereas the NSO was created by merging the Central Statistics Office (CSO) and the National Sample Survey Office (NSSO).
3. The Chairperson of the NSC enjoys the status of a Cabinet Minister, whereas the head of the NSO enjoys the status of a Minister of State.
Which of the statements given above is/are correct?
- The NSC is an autonomous body, whereas the NSO functions as a subordinate office under the Ministry of Statistics and Programme Implementation.
- The NSC was constituted on the recommendation of the Rangarajan Commission, whereas the NSO was created by merging the Central Statistics Office (CSO) and the National Sample Survey Office (NSSO).
- The Chairperson of the NSC enjoys the status of a Cabinet Minister, whereas the head of the NSO enjoys the status of a Minister of State.
- A. 1 and 2 only
- B. 2 and 3 only
- C. 1 and 3 only
- D. 1, 2 and 3
Q5. The Advisory Committee on National Accounts Statistics (ACNAS), constituted by the Ministry of Statistics and Programme Implementation to oversee the revision of the base year of India's GDP series to 2022-23, was set up under the chairmanship of which one of the following?
- A. C. Rangarajan
- B. Pronab Sen
- C. Biswanath Goldar
- D. Sudipto Mundle
Q6. Under whose chairmanship was the Advisory Committee on National Account Statistics (ACNAS) constituted by the Ministry of Statistics and Programme Implementation to advise on the base year revision of National Accounts Statistics to 2022-23?
- A. Prof. B.N. Goldar
- B. Dr. C. Rangarajan
- C. Prof. Pronab Sen
- D. Dr. Bibek Debroy
Q7. With reference to the three approaches used by the National Statistics Office to estimate India's Gross Domestic Product, consider the following statements: Which of the statements given above is/are correct?
- Under the production approach, GDP is obtained by aggregating gross value added across resident producer units, whereas under the income approach the same level is obtained by summing compensation of employees, operating surplus/mixed income and consumption of fixed capital, plus production taxes net of production subsidies.
- In India's National Accounts, the levels of GDP estimated through the production approach and through the income approach are identical, and the statistical discrepancy is recorded between the production-side and the expenditure-side estimates.
- The expenditure approach measures GDP as the sum of private and government final consumption, gross fixed capital formation and net exports, but explicitly excludes changes in inventories so as to avoid double counting with the production approach.
- A. 1 and 2 only
- B. 1 and 3 only
- C. 2 and 3 only
- D. 1, 2 and 3
Q8. Which of the following are correctly identified as components used to compile India's Gross Domestic Product under the expenditure approach?
- Gross fixed capital formation
- Changes in inventories
- Compensation of employees
- Net exports of goods and services
- A. 1, 2 and 3
- B. 1, 2 and 4
- C. 2, 3 and 4
- D. 1 and 4 only
Q9. The Supply and Use Tables of 2022-23 and 2023-24 released by India in May 2026 are compiled in accordance with the framework prescribed by which one of the following?
- A. International Monetary Fund's Balance of Payments and International Investment Position Manual
- B. OECD's Frascati Manual on Research and Experimental Development
- C. United Nations System of National Accounts
- D. World Bank's International Comparison Program methodology
Q10. Which one of the following is the nodal agency responsible for the compilation and release of the Supply and Use Tables (SUTs) of 2022-23 and 2023-24 in India?
- A. NITI Aayog
- B. Department of Economic Affairs, Ministry of Finance
- C. Department of Statistics and Information Management, Reserve Bank of India
- D. National Statistical Office, Ministry of Statistics and Programme Implementation
Q11. The National Product Classification for Manufacturing Sector (NPCMS) and the National Industrial Classification (NIC), both used in compiling India's Supply and Use Tables, are developed and released by which one of the following?
- A. National Statistics Office, Ministry of Statistics and Programme Implementation
- B. Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade
- C. Central Statistics and Data Wing, NITI Aayog
- D. Indian Statistical Institute under the Ministry of Planning
Q12. In the Supply and Use Tables for 2022-23 and 2023-24 released by the National Statistics Office in May 2026 under the new base year, how many product groups are covered?