Economics · Inflation and National Indices
Based on the functioning and methodology of the National Statistical Office (NSO) and the Consumer Price Index (CPI) in India, which of the following conclusions is accurate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1All four statements provided are factually correct regarding the methodology and release of CPI data.
- 2Statement 4 is incorrect because the NSO does follow a process of revising the CPI data, usually releasing final figures after a period of one month alongside the provisional figures for the next month.✓
- 3Statement 1 is incorrect because the CPI for Urban sectors is released by the Ministry of Housing and Urban Affairs, not the NSO.
- 4Statement 2 is incorrect because the base year for the current CPI series was changed from 2012 to 2021 in the recent budgetary notification.
Correct answer
Statement 4 is incorrect because the NSO does follow a process of revising the CPI data, usually releasing final figures after a period of one month alongside the provisional figures for the next month.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Inflation and National Indices MCQs →Want more practice questions on Inflation and National Indices?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Inflation and National Indices