UPSC Prelims Practice Questions — Counting What Counts: Strengthening India’s National Accounts and Core Economic Statistics

Question 1

Which one of the following bodies compiles the new series of National Accounts (GDP) with base year 2022-23 and operationalises the base-year revision exercise?

Accepted Answer

National Statistical Office (NSO) under MoSPI

Answer

Monetary Policy Department of the Reserve Bank of India

Answer

NITI Aayog

Answer

Office of the Economic Adviser, DPIIT

Question 2

The Ministry of Statistics and Programme Implementation (MoSPI) is organised into how many wings?

Accepted Answer

Two

Answer

Three

Answer

Four

Answer

Five

Question 3

The Advisory Committee on National Accounts Statistics (ACNAS), which advises on new data sources and methodology for the revised National Accounts, was constituted by which one of the following?

Accepted Answer

Ministry of Statistics and Programme Implementation

Answer

Reserve Bank of India

Answer

Department of Economic Affairs, Ministry of Finance

Answer

NITI Aayog

Question 4

The e-Sankhyiki portal, launched to provide a comprehensive data management and dissemination system for official statistics, is an initiative of which one of the following?

Accepted Answer

Ministry of Statistics and Programme Implementation

Answer

Ministry of Electronics and Information Technology

Answer

NITI Aayog

Answer

Department of Economic Affairs, Ministry of Finance

Question 5

In the context of MoSPI's expanded coverage of the informal economy, the acronym 'QBUSE' refers to which one of the following?

Accepted Answer

Quarterly Bulletin of Unincorporated Sector Enterprises — the quarterly edition of the ASUSE

Answer

Quarterly Business Utilisation Survey of Enterprises

Answer

Quarterly Bulletin of Urban and Semi-urban Enterprises

Answer

Quarterly Bank-financed Unorganised Sector Estimates

Question 6

In the context of the release schedule of the revised statistical series, the term 'back-series data' most precisely refers to which one of the following?

Accepted Answer

Estimates of earlier years recomputed on the new base year to allow consistent comparison over time

Answer

Provisional advance estimates released before the new base year is finalised

Answer

Quarterly estimates disaggregated to the district level

Answer

Estimates for the forthcoming fiscal year projected under the old base

Question 7

The internationally recommended norm that the base year of national accounts should be revised at least once every five years is associated with which one of the following frameworks?

Accepted Answer

United Nations System of National Accounts (SNA)

Answer

IMF Special Data Dissemination Standard (SDDS)

Answer

World Bank International Comparison Programme

Answer

OECD Frascati Manual

UPSC Prelims Practice Questions — Counting What Counts: Strengthening India’s National Accounts and Core Economic Statistics

Q1. Which one of the following bodies compiles the new series of National Accounts (GDP) with base year 2022-23 and operationalises the base-year revision exercise?

Q2. The Ministry of Statistics and Programme Implementation (MoSPI) is organised into how many wings?

Q3. The Advisory Committee on National Accounts Statistics (ACNAS), which advises on new data sources and methodology for the revised National Accounts, was constituted by which one of the following?

Q4. The e-Sankhyiki portal, launched to provide a comprehensive data management and dissemination system for official statistics, is an initiative of which one of the following?

Q5. In the context of MoSPI's expanded coverage of the informal economy, the acronym 'QBUSE' refers to which one of the following?

Q6. In the context of the release schedule of the revised statistical series, the term 'back-series data' most precisely refers to which one of the following?

Q7. The internationally recommended norm that the base year of national accounts should be revised at least once every five years is associated with which one of the following frameworks?