UPSC Prelims 2001 Q89: Indian Economy – International Institutions & Reports
Match List I with List II
and select the correct answer using the codes given below the Lists:
List I (Publisher)
I. Ministry of Industry
II. Central Statistical Organisation
III. Reserve Bank of India
IV. Ministry of Finance
List II (Publication)
A) Report on Currency and Finance
B) Economic Survey
C) Wholesale Price Index
D) National Accounts Statistics
- (a) I - D, II - C, III - B, IV - A
- (b) I - C, II - D, III - A, IV - B
- (c) I - D, II - C, III - A, IV - B
- (d) I - C, II - D, III - B, IV - A
Answer: (b) I - C, II - D, III - A, IV - B
Explanation
Matching publishers with their publications
| Publisher (List I) | Publication (List II) |
|---|---|
| I. Ministry of Industry | C. Wholesale Price Index (Office of the Economic Adviser) |
| II. Central Statistical Organisation | D. National Accounts Statistics |
| III. Reserve Bank of India | A. Report on Currency and Finance |
| IV. Ministry of Finance | B. Economic Survey |
The WPI was compiled by the Office of the Economic Adviser in the Ministry of Industry (now DPIIT, Ministry of Commerce and Industry). The CSO publishes National Accounts Statistics, the RBI the Report on Currency and Finance, and the Finance Ministry the Economic Survey.
Answer: (b) I - C, II - D, III - A, IV - B.
Why each option is right or wrong
- (a) Incorrect. The Ministry of Industry publishes the WPI, not national accounts.
- (b) CORRECT. Industry–WPI, CSO–National Accounts, RBI–Currency and Finance, Finance–Economic Survey.
- (c) Incorrect. Industry and CSO are swapped.
- (d) Incorrect. RBI and the Finance Ministry are swapped.
Key point
CSO and NSSO were merged into the National Statistical Office (NSO) under MoSPI in 2019.
Remember
WPI — Ministry of Industry; NAS — CSO; Currency and Finance — RBI; Economic Survey — Finance.
Common mistakes
- Giving the WPI to the CSO or RBI.
- Swapping the RBI's and the Finance Ministry's publications.
- Not knowing which office compiles the WPI.
Exam tip
Economic Survey is always the Finance Ministry; start there.
Sources
- Office of the Economic Adviser, DPIIT — Wholesale Price Index (eaindustry.nic.in)
- Reserve Bank of India — Report on Currency and Finance (publications page)