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Consider the following statements regarding Consumer Expenditure Survey (CES).
1. Consumer Expenditure Survey (CES) is conducted by the Ministry of Finance.
2. It collects information regarding expenditure on consumption of goods and services (food and non-food) consumed by households.
3. The last official data available on CES pertains to 2011-12.
Which of the above statements is/are correct?
- a)1, 2
- b)2 only
- c)2, 3
- d)1, 2, 3
Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding Consumer Expenditure Surve...
- The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation carried out an all-India survey on household consumption expenditure in the 75thround during the period July 2017 to June 2018.
- The Consumer Expenditure Survey (CES) is usually conducted at quinquennial intervals and the last survey on consumer expenditure was conducted in the 68thround (July 2011 to June 2012).
- The NSS Consumer Expenditure Survey generates estimates of household Monthly Per Capita Consumer Expenditure (MPCE) and the distribution of households and persons over the MPCE classes.
- It is designed to collect information regarding expenditure on consumption of goods and services (food and non-food) consumed by households. The results, after release, are also used for rebasing of the GDP and other macro-economic indicators.
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Consider the following statements regarding Consumer Expenditure Surve...
Consumer Expenditure Survey (CES)
The Consumer Expenditure Survey (CES) is a survey conducted to collect information on the expenditure patterns of households. It provides valuable data on the consumption of goods and services by households, which is crucial for analyzing the economic well-being and spending habits of individuals and families.
Statement 1: Consumer Expenditure Survey (CES) is conducted by the Ministry of Finance.
This statement is incorrect. The Consumer Expenditure Survey is not conducted by the Ministry of Finance. In India, the CES is conducted by the National Sample Survey Office (NSSO), which is a part of the Ministry of Statistics and Programme Implementation. The NSSO is responsible for conducting various surveys to collect socio-economic data, and the CES is one of them.
Statement 2: It collects information regarding expenditure on consumption of goods and services (food and non-food) consumed by households.
This statement is correct. The main objective of the Consumer Expenditure Survey is to collect detailed information about the expenditure patterns of households. It covers both food and non-food items, including various categories such as housing, clothing, education, healthcare, transportation, recreation, and more. By collecting data on the consumption of goods and services, the survey provides insights into the spending behavior and preferences of households.
Statement 3: The last official data available on CES pertains to 2011-12.
This statement is correct. The most recent official data available on the Consumer Expenditure Survey pertains to the year 2011-12. The NSSO conducts the survey periodically, usually every five years or so. However, due to methodological changes and other factors, the release of the subsequent rounds of the survey has been delayed. As a result, the latest available data is from 2011-12.
Therefore, the correct answer is option 'C' - 2, 3. Statement 1 is incorrect as the CES is not conducted by the Ministry of Finance. Statement 2 is correct as the CES collects information on expenditure on goods and services consumed by households. Statement 3 is correct as the last official data available is from 2011-12.
The Consumer Expenditure Survey (CES) is a survey conducted to collect information on the expenditure patterns of households. It provides valuable data on the consumption of goods and services by households, which is crucial for analyzing the economic well-being and spending habits of individuals and families.
Statement 1: Consumer Expenditure Survey (CES) is conducted by the Ministry of Finance.
This statement is incorrect. The Consumer Expenditure Survey is not conducted by the Ministry of Finance. In India, the CES is conducted by the National Sample Survey Office (NSSO), which is a part of the Ministry of Statistics and Programme Implementation. The NSSO is responsible for conducting various surveys to collect socio-economic data, and the CES is one of them.
Statement 2: It collects information regarding expenditure on consumption of goods and services (food and non-food) consumed by households.
This statement is correct. The main objective of the Consumer Expenditure Survey is to collect detailed information about the expenditure patterns of households. It covers both food and non-food items, including various categories such as housing, clothing, education, healthcare, transportation, recreation, and more. By collecting data on the consumption of goods and services, the survey provides insights into the spending behavior and preferences of households.
Statement 3: The last official data available on CES pertains to 2011-12.
This statement is correct. The most recent official data available on the Consumer Expenditure Survey pertains to the year 2011-12. The NSSO conducts the survey periodically, usually every five years or so. However, due to methodological changes and other factors, the release of the subsequent rounds of the survey has been delayed. As a result, the latest available data is from 2011-12.
Therefore, the correct answer is option 'C' - 2, 3. Statement 1 is incorrect as the CES is not conducted by the Ministry of Finance. Statement 2 is correct as the CES collects information on expenditure on goods and services consumed by households. Statement 3 is correct as the last official data available is from 2011-12.
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Consider the following statements regarding Consumer Expenditure Survey (CES).1. Consumer Expenditure Survey (CES) is conducted by the Ministry of Finance.2. It collects information regarding expenditure on consumption of goods and services (food and non-food) consumed by households.3. The last official data available on CES pertains to 2011-12.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding Consumer Expenditure Survey (CES).1. Consumer Expenditure Survey (CES) is conducted by the Ministry of Finance.2. It collects information regarding expenditure on consumption of goods and services (food and non-food) consumed by households.3. The last official data available on CES pertains to 2011-12.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding Consumer Expenditure Survey (CES).1. Consumer Expenditure Survey (CES) is conducted by the Ministry of Finance.2. It collects information regarding expenditure on consumption of goods and services (food and non-food) consumed by households.3. The last official data available on CES pertains to 2011-12.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Consumer Expenditure Survey (CES).1. Consumer Expenditure Survey (CES) is conducted by the Ministry of Finance.2. It collects information regarding expenditure on consumption of goods and services (food and non-food) consumed by households.3. The last official data available on CES pertains to 2011-12.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements regarding Consumer Expenditure Survey (CES).1. Consumer Expenditure Survey (CES) is conducted by the Ministry of Finance.2. It collects information regarding expenditure on consumption of goods and services (food and non-food) consumed by households.3. The last official data available on CES pertains to 2011-12.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding Consumer Expenditure Survey (CES).1. Consumer Expenditure Survey (CES) is conducted by the Ministry of Finance.2. It collects information regarding expenditure on consumption of goods and services (food and non-food) consumed by households.3. The last official data available on CES pertains to 2011-12.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Consumer Expenditure Survey (CES).1. Consumer Expenditure Survey (CES) is conducted by the Ministry of Finance.2. It collects information regarding expenditure on consumption of goods and services (food and non-food) consumed by households.3. The last official data available on CES pertains to 2011-12.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following statements regarding Consumer Expenditure Survey (CES).1. Consumer Expenditure Survey (CES) is conducted by the Ministry of Finance.2. It collects information regarding expenditure on consumption of goods and services (food and non-food) consumed by households.3. The last official data available on CES pertains to 2011-12.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs.
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