Current Affairs · Economic Statistics
Consider the following statements regarding proposed or ongoing revision of macro-economic base years by MoSPI: 1. The Consumer Price Index (CPI) base year is planned to be modernized to reflect recent consumption patterns. 2. GDP and IIP base years undergo periodic revisions to capture structural alignment. 3. Base year revision reflects structural changes in the economy. 4. Base year revision is a repetitive statistical exercise conducted periodically. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12 and 4 only
- 23 and 4 only
- 31 and 4 only
- 41, 2 and 3 only✓
Correct answer
1, 2 and 3 only
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