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Question

Consider the following statements in regard to National Business Register :

Which of the above statements is/are correct?


A

2 and 3 only

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B

1 and 2 only

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C

1 and 3 only

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D

All of these

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Solution

The correct option is C

1 and 3 only


The government has launched a mammoth enumeration exercise to collect data on all the business enterprises for the National Business Register, a move aimed at strengthening assessment of economic activity.

At present, the ministry of statistics and programme implementation conducts the Annual Survey of Industries (ASI), which serves as the principal source of industrial statistics. The survey covers relatively bigger units relating to manufacturing and repair sub-sectors.

Just as the National Population Register seeks to record details of every citizen, the Business Register will aim to

record district-wise details of establishments engaged in production or distribution of goods or services.

The Business Register will list establishments at the district-level covering seven Acts and authorities, including the Factories Act, the Shops and Commercial Establishments Act, the Companies Act, the Societies Registration Act, the Co-operative Societies Act, the Khadi and Village Industries Board and the Directorate of Industries, which have under them licensing authorities, who maintain all registrations


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