inclusive growth, sustainable development & employment section 3 MCQ Questions & Answers Detailed Explanation

Answer: (c)

Economic Census is conducted by NSO, MoSPI and has no fixed periodicity and presently the 7th Economic Census is being conducted (2019).

The economic census gives insights into the economic activities being carried out across the country, their geographical distribution, the number and distribution of workers, types of ownership and sources of finance.

It covers all structures across the country, whether residential or commercial including informal/unorganized units but excludes certain economic activities such as crop production, plantation activities, illegal activities, public administration and defence, and activities of extra-territorial organisations.

Periodic Labour Force Survey is conducted by National Statistics Office (NSO) to produce annual statistics of employment and unemployment characteristics for both rural and urban areas, along with quarterly estimates for urban areas. Earlier it was conducted after five years.

The household consumption expenditure survey is conducted by National Statistical Office (NSO), after every five years and generates estimates of household Monthly Per Capita Consumer Expenditure.

Census (of the population) is conducted by Registrar General and Census Commissioner under the Ministry of Home Affairs after every 10 years. The 2020 census will be digital.

Annual Survey of Industries (ASI) is the most important source of industrial statistics of the registered organized manufacturing sector (Factories registered under Factories Act 1948) of the economy and extends to the entire country. It is conducted annually by MoSPI.

Answer: (b)

Answer: (d)

Answer: (c)

Answer: (b)

Answer: (d)

A majority of economists such as Simon Kuznets, Meier and Baldwin, Hicks D. Samuelson, Pigeon and others consider national income as the most suitable index of economic development.

However, the UNO experts in their report on ‘Measures of Economic Development of Under-Developed Countries’ have Per Capita Real Income as the best measurement of economic development.

They contend that economic growth is meaningless if it does not improve the standard of living of the common masses. They define economic development as a process by which the real per capita income increases over a long period of time.