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📝 SSC CGL📈 Economy

Which of the following organisations of the Government of India has been reporting the GDP at factor cost and at market …

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Which of the following organisations of the Government of India has been reporting the GDP at factor cost and at market prices?
aReserve Bank of India
bNational Sample Survey Organisation
cCentral Statistics Office
dNITI Aayog
✓ Correct answer: c) Central Statistics Office
ExplanationThe market prices have been reported by the Central Statistics Office (CSO) of the Government of India.In 2015, CSO abandoned the method of calculating GDP based on factor costs and switched to using the worldwide standard of computing GDP based on market prices together with the Gross Value Added (GVA) measure in order to more accurately estimate economic activity.Hence the correct answer is Option C: Central Statistics Office.
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