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
- A Giffen good exhibits an upward-sloping demand curve, a unique characteristic where the Law of Demand is violated. This phenomenon primarily arises when the negative income effect of a price change is so substantial that it outweighs the substitution effect. Based on this, which statement correctly describes the nature of the overall price effect and the income effect for a Giffen good?
In the context of Indian economy, consider the following statements:
1) The growth rate of GDP has steadily increased in the last five years.
2) The growth rate in per capita income has steadily increased in the last five years.
Which of the statements given above is/are correct?
The national income of a country for a given period is equal to the
Which of the following Institutions estimate the national income of India?
Which of the following exchange rate is known as error prone swing?
