Question

For estimating the GDP, information related to production is obtained by the Central Government from ______.

• A. states of India
• B. states and union territories of India
• C. industrial areas of India
• D. Reserve Bank of India

Answer 1

The correct option is B states and union territories of India

1:The Central Statistics Office (CSO), under the Ministry of Statistics and Program Implementation, is responsible for macroeconomic data gathering and statistical record keeping.
2:Its processes involve conducting an annual survey of industries and compilation of various indexes like the Index of Industrial Production (IIP), Consumer Price Index (CPI), etc.
3;The CSO coordinates with various federal and state government agencies and departments to collect and compile the data required to calculate the GDP and other statistics.