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Consider the following statements with reference to the Annual Survey of Industries (ASI):
ASI is the principal source of industrial statistics covering both organized as well as unorganized sectors.
ASI is conducted by the Office of Economic Advisor, DPIIT.
Which of the statements given above is/are not correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements with reference to the Annual Survey...
The correct answer is option 'C' - Both 1 and 2.
Explanation:
The given statements are as follows:
1. ASI is the principal source of industrial statistics covering both organized as well as unorganized sectors.
2. ASI is conducted by the Office of Economic Advisor, DPIIT.
Let's examine each statement:
1. ASI is the principal source of industrial statistics covering both organized as well as unorganized sectors:
The Annual Survey of Industries (ASI) is indeed the principal source of industrial statistics in India. It covers both the organized and unorganized sectors of the economy. The ASI collects data related to various aspects of industrial activity, such as the number of factories, employment, wages, cost of production, value of output, etc. This data is crucial for policy-making, planning, and monitoring the performance of the industrial sector in the country. Therefore, statement 1 is correct.
2. ASI is conducted by the Office of Economic Advisor, DPIIT:
This statement is incorrect. The Annual Survey of Industries (ASI) is conducted by the Central Statistics Office (CSO), which is part of the Ministry of Statistics and Program Implementation (MoSPI). The CSO is responsible for collecting, compiling, and analyzing statistical data in India. The Office of Economic Advisor, DPIIT (Department for Promotion of Industry and Internal Trade), does not conduct the ASI. Therefore, statement 2 is incorrect.
In conclusion, both statements 1 and 2 are not correct. The ASI is the principal source of industrial statistics covering both organized and unorganized sectors, but it is conducted by the Central Statistics Office (CSO) and not the Office of Economic Advisor, DPIIT.
Explanation:
The given statements are as follows:
1. ASI is the principal source of industrial statistics covering both organized as well as unorganized sectors.
2. ASI is conducted by the Office of Economic Advisor, DPIIT.
Let's examine each statement:
1. ASI is the principal source of industrial statistics covering both organized as well as unorganized sectors:
The Annual Survey of Industries (ASI) is indeed the principal source of industrial statistics in India. It covers both the organized and unorganized sectors of the economy. The ASI collects data related to various aspects of industrial activity, such as the number of factories, employment, wages, cost of production, value of output, etc. This data is crucial for policy-making, planning, and monitoring the performance of the industrial sector in the country. Therefore, statement 1 is correct.
2. ASI is conducted by the Office of Economic Advisor, DPIIT:
This statement is incorrect. The Annual Survey of Industries (ASI) is conducted by the Central Statistics Office (CSO), which is part of the Ministry of Statistics and Program Implementation (MoSPI). The CSO is responsible for collecting, compiling, and analyzing statistical data in India. The Office of Economic Advisor, DPIIT (Department for Promotion of Industry and Internal Trade), does not conduct the ASI. Therefore, statement 2 is incorrect.
In conclusion, both statements 1 and 2 are not correct. The ASI is the principal source of industrial statistics covering both organized and unorganized sectors, but it is conducted by the Central Statistics Office (CSO) and not the Office of Economic Advisor, DPIIT.
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Consider the following statements with reference to the Annual Survey...
- 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 organised manufacturing sector data providing disaggregated industry-specific details of production, investment, employment and costs. It does not cover unorganised or unregistered or informal sector enterprises.
- ASI is the main survey conducted by the Central Statistics Office (CSO) Industrial Statistics (IS) wing. It ensures timely dissemination of statistical information to asses and evaluate the dynamics in composition, growth and structure of the organized manufacturing sector. Annual Survey of Industries (ASI) vs Index of Industrial Production
- The Industrial Output data is captured and monitored, primarily, through two statistical activities:
- Annual Survey of Industries (ASI) on an annual basis;
- Index of Industrial Production (IIP) on a monthly basis.
- The Industrial Output data is captured and monitored, primarily, through two statistical activities:
Hence, statements 1 and 2 are not correct.
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Consider the following statements with reference to the Annual Survey of Industries (ASI): ASI is the principal source of industrial statistics covering both organized as well as unorganized sectors. ASI is conducted by the Office of Economic Advisor, DPIIT. Which of the statements given above is/are not correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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