Consider the following statements:
1. Statistics day is celebrated every year on 29th July.
2. National Statistical Commission was set up in 2004.
3. The base year of Consumer Price Index (Rural) is same as that of Consumer Price Index (Urban) i.e. 2012 = 100.
Which of the above statements is/are false?
Statement Analysis for Exam Preparation
This solution analyzes the provided statements regarding statistical information in India to determine which are false.
Statement 1 Analysis: Statistics Day Date
Statement: Statistics Day is celebrated every year on 29th July.
Fact: Statistics Day in India is celebrated annually on June 29th. This date marks the birth anniversary of Professor Prasanta Chandra Mahalanobis, a renowned Indian scientist and statistician.
Conclusion: Statement 1 is False.
Statement 2 Analysis: National Statistical Commission (NSC) Establishment
Statement: National Statistical Commission was set up in 2004.
Fact: The National Statistical Commission (NSC) was formally constituted by the Central Government in 2006. Its establishment was based on the recommendations of the Ranganathan Committee Report (2001).
Conclusion: Statement 2 is False.
Statement 3 Analysis: Consumer Price Index (CPI) Base Year
Statement: The base year of Consumer Price Index (Rural) is the same as that of Consumer Price Index (Urban), i.e., 2012 = 100.
Fact: The base year for all series of the Consumer Price Index (CPI) – including CPI (Rural), CPI (Urban), and CPI (Combined) – is indeed 2012, with the index set at 100. This is the standard base year used by the National Statistical Office (NSO) for current CPI calculations.
Conclusion: Statement 3 is True.
Identifying False Statements
Based on the analysis:
- Statement 1 is False.
- Statement 2 is False.
- Statement 3 is True.
The question asks which statements are false. Therefore, statements 1 and 2 are false.
Conclusion
The false statements are 1 and 2 only. This corresponds to Option A.
Important Questions from National Income Accounting
Division of labour often involves
1. specialized economic activity.
2. highly distinct productive roles.
3. involving everyone in many of the same activities.
4. individuals engage in only a single activity and are dependent on others to meet their various needs.
Select the correct answer using the code given below:
Which of the following is NOT one of the methods of national income estimation?
Cash Reserve Ratio (CRR) is calculated as a percentage of each bank's _____.
What do you call a proportionate saving in costs gained by an increased level of production?
Which of the following statements is/are correct?
I. Only marketed goods and considered while estimating Gross Domestic Product (GDP).
II. The work done by a woman at her home is outside the purview of Gross Domestic Product.
III. In estimating GDP, only final goods and services are considered.
