National Income Computation Authority in India
The entity responsible for the computation of National Income in India is the Central Statistical Organisation (CSO).
The CSO, which is now integrated into the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation, compiles key national accounts statistics, including the National Income.
Reasoning for other options:
- NITI Aayog: Primarily a policy think tank and facilitator, not involved in direct computation.
- National Sample Survey Office (NSSO): Historically conducted large-scale socio-economic surveys for data collection; now merged with CSO into NSO.
- Ministry of Finance: Focuses on fiscal policy, budget, and economic management, not the primary statistical computation.
Therefore, the CSO is the designated authority for computing National Income.
Similar Questions
- The value of the gross investment in order to accommodate regular wear and tear of capital is called:
- As per Ministry of Statistics and Programme Implementation, which state of India has the highest per capita income for 2018-19?
Which of the following economic models formed the basis of the Second Five-Year Plan?
- As per estimates by NSO, India's GDP is estimated to grow by ______ in FY21.
- Which of the following is the correct full form of GDFCF?
- Equilibrium national income occurs where aggregate supply ________
- Gross Domestic Production is the total value of:
- Which of the following sectors contribute the most to GDP in India?
- Deduction of depreciation from Gross National Product is known as:
- We should consider the value of final goods only while estimating GDP because:
Important Questions from National Income Accounting
- The ratio of nominal to real Gross Domestic Product is called :
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?- The value of the gross investment in order to accommodate regular wear and tear of capital is called:
- As per Ministry of Statistics and Programme Implementation, which state of India has the highest per capita income for 2018-19?
- Transfer payments by the government are not included in the net domestic product because :
