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Consider the following statements regarding the Annual Survey of Industries:
1. It provides a comprehensive and reliable source of manufacturing sector data with industry-specific details of production, investment, employment and costs.
2. It covers both the organized and unorganized manufacturing sector enterprises.
3. It is conducted annually by the National Statistical Office.
Which of the statements given above are correct?
  • a)
    1 and 2 only
  • b)
    2 and 3 only
  • c)
    1 and 3 only
  • d)
    1, 2 and 3
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Consider the following statements regarding the Annual Survey of Indus...
  • Annual Survey of Industries (ASI) is the principal source of industrial statistics in India providing information on important characteristics of the registered manufacturing sector. ASI is considered as the most comprehensive and reliable source of organized manufacturing sector data providing disaggregated industry-specific details of production, investment, employment, and costs. It does not cover unorganized or unregistered or informal sector enterprises. Hence, statement 1 is correct and statement 2 is not correct.
  • The ASI extends to the entire country. It covers all factories registered under Sections 2m (i) and 2m (ii) of the Factories Act, 1948, where the manufacturing process is defined under Section 2 (k) of the said Act.
  • However, defense establishments, oil storage, and distribution depots, departmental units such as railway workshops, government mints, sanitary, water supply, gas storage, etc., are excluded from the purview of the survey.
  • Annual Survey of Industries (ASI) is conducted by the National Statistical Office. (The ministry of statistics and programme implementation (Mospi) passed an order on 23 May, 2019 to merge the Central Statistics Office (CSO) and National Sample Survey Office (NSSO) into the National Statistical Office (NSO). National Sample Survey Office (NSSO). Hence, statement 3 is correct.
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Consider the following statements regarding the Annual Survey of Industries:1. It provides a comprehensive and reliable source of manufacturing sector data with industry-specific details of production, investment, employment and costs.2. It covers both the organized and unorganized manufacturing sector enterprises.3. It is conducted annually by the National Statistical Office.Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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