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Consider the following statements:
Statement-I: The Household Consumption Expenditure Survey provides data for calculating Monthly Per Capita Consumer Expenditure (MPCE).
Statement-II: The HCES covers the entire Indian Union, excluding a few inaccessible villages.
Which one of the following is correct in respect of the above statements?
  • a)
    Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
  • b)
    Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
  • c)
    Statement-I is correct but Statement-II is incorrect
  • d)
    Statement-I is incorrect but Statement-II is correct
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements:Statement-I: The Household Consumpti...
Statement-I is correct. The HCES provides data for calculating Monthly Per Capita Consumer Expenditure (MPCE).
Statement-II is correct. The HCES covers the entire Indian Union, excluding a few inaccessible villages.
Statement-II is not the correct explanation for Statement-I as the coverage of the survey does not directly explain the calculation of MPCE, which is based on the data collected.
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In a poor country like India, as income rises people first concentrate on increasing their consumption of what they regard as basic or more essential consumer goods. For the poor, these goods would primarily include cereals and for people at successive levels of higher income protective foods, simple non-food consumer goods, more modern, better quality non-food consumer goods and simple consumer durables, better quality consumer goods, and so on. When the demand for basic and more essential consumer goods is more or less met, demand for the next higher level of consumer goods begins to impinge on consumer decision making and their consumption increases. There is thus a hierarchy of income levels and a hierarchy of consumer goods. As incomes rise and one approaches the turning point referred to, there is an upward movement along the hierarchy in the demand for consumer goods which exhibits itself in a relative increase in the demand for these goods. If one examines the past consumption behaviour of households in India, one finds confirmation of the proposition just made. Until the mid seventies one notices a rise in the proportion of consumption expenditure on cereals, and thereafter, a steady decline reflecting a progressive increase in the relative expenditure on non-cereal or protective foods. About the same time the rising trend in the share of food in total consumption expenditure also begins to decline, raising the proportion of expenditure on non-food consumer goods. Simultaneously one also notices a sharper rise in the proportion of expenditure on consumer durables. Thus, what one sees is an upward movement in consumer demand along the hierarchy of consumer goods which amounts to a major change in consumer behaviour.Whenever there is a decline in the proportion of consumption expenditure on cereals

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Consider the following statements:Statement-I: The Household Consumption Expenditure Survey provides data for calculating Monthly Per Capita Consumer Expenditure (MPCE).Statement-II: The HCES covers the entire Indian Union, excluding a few inaccessible villages.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but Statement-II is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer?
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Consider the following statements:Statement-I: The Household Consumption Expenditure Survey provides data for calculating Monthly Per Capita Consumer Expenditure (MPCE).Statement-II: The HCES covers the entire Indian Union, excluding a few inaccessible villages.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but Statement-II is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I: The Household Consumption Expenditure Survey provides data for calculating Monthly Per Capita Consumer Expenditure (MPCE).Statement-II: The HCES covers the entire Indian Union, excluding a few inaccessible villages.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but Statement-II is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I: The Household Consumption Expenditure Survey provides data for calculating Monthly Per Capita Consumer Expenditure (MPCE).Statement-II: The HCES covers the entire Indian Union, excluding a few inaccessible villages.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but Statement-II is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements:Statement-I: The Household Consumption Expenditure Survey provides data for calculating Monthly Per Capita Consumer Expenditure (MPCE).Statement-II: The HCES covers the entire Indian Union, excluding a few inaccessible villages.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but Statement-II is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements:Statement-I: The Household Consumption Expenditure Survey provides data for calculating Monthly Per Capita Consumer Expenditure (MPCE).Statement-II: The HCES covers the entire Indian Union, excluding a few inaccessible villages.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but Statement-II is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements:Statement-I: The Household Consumption Expenditure Survey provides data for calculating Monthly Per Capita Consumer Expenditure (MPCE).Statement-II: The HCES covers the entire Indian Union, excluding a few inaccessible villages.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but Statement-II is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements:Statement-I: The Household Consumption Expenditure Survey provides data for calculating Monthly Per Capita Consumer Expenditure (MPCE).Statement-II: The HCES covers the entire Indian Union, excluding a few inaccessible villages.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but Statement-II is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements:Statement-I: The Household Consumption Expenditure Survey provides data for calculating Monthly Per Capita Consumer Expenditure (MPCE).Statement-II: The HCES covers the entire Indian Union, excluding a few inaccessible villages.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but Statement-II is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements:Statement-I: The Household Consumption Expenditure Survey provides data for calculating Monthly Per Capita Consumer Expenditure (MPCE).Statement-II: The HCES covers the entire Indian Union, excluding a few inaccessible villages.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but Statement-II is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
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