Rebasing India's GDP, IIP and CPI series

1. Question 1Answer A

   To which base year was India's GDP series rebased in 2026?

   • ACorrect answer: 2022-23
   • B2018-19
   • C2020-21
   • D2024-25

   Core Trigger: In 2026 MoSPI moved GDP and IIP to base year 2022-23, from 2011-12, and CPI to base year 2024.From Book 1 RATNA, topic 165, point 1

2. Question 2Answer D

   Which data source feeds the new GDP series?

   • AFASTag
   • BUPI
   • CAadhaar
   • DCorrect answer: e-Vahan

   New Methods: The GDP series uses double deflation, supply-use tables and data from ASUSE, PLFS, GST and e-Vahan.From Book 1 RATNA, topic 165, point 2

3. Question 3Answer C

   Which Union Minister oversees the statistics ministry MoSPI along with Labour and Employment?

   • AAshwini Vaishnaw
   • BDharmendra Pradhan
   • CCorrect answer: Mansukh Mandaviya
   • DJyotiraditya Scindia

   Current Head: Mansukh Mandaviya holds Labour and Employment and Youth Affairs and Sports; MoSPI is the statistics ministry.From Book 1 RATNA, topic 165, point 3

4. Question 4Answer D

   The trial Index of Services Production uses which base year?

   • A2022-23
   • B2011-12
   • C2023-24
   • DCorrect answer: 2024-25

   Key Term: A trial Index of Services Production was launched, with base 2024-25 and 19 sub-sectors.From Book 1 RATNA, topic 165, point 4

5. Question 5Answer A

   FY26 GDP growth was estimated at what per cent?

   • ACorrect answer: 7.6
   • B6.8
   • C8.2
   • D7.1

   Data: FY26 growth was estimated at 7.6 per cent; IIP grew 4.9 per cent in April and 7.3 per cent in June 2026.From Book 1 RATNA, topic 165, point 5

6. Question 6Answer B

   How many items does the new CPI basket contain?

   • A299
   • BCorrect answer: 358
   • C260
   • D400

   New CPI: The new CPI uses COICOP 2018, 12 divisions and 358 items; rural house rent is included for the first time.From Book 1 RATNA, topic 165, point 6

7. Question 7Answer C

   Where are MoSPI and the National Statistical Office headquartered?

   • AMumbai
   • BKolkata
   • CCorrect answer: New Delhi
   • DHyderabad

   Headquarters: MoSPI and the National Statistical Office are headquartered in New Delhi.From Book 1 RATNA, topic 165, point 8

8. Question 8Answer C

   Consider: 1. The Central Statistical Office was set up in 1951. 2. The NSO was formed in 2019 by merging the CSO and NSSO. Which is/are correct?

   • AOnly 1
   • BOnly 2
   • CCorrect answer: Both 1 and 2
   • DNeither

   Founded: The Central Statistical Office was set up in 1951; the NSO was formed in 2019 by merging the CSO and NSSO.From Book 1 RATNA, topic 165, point 9

9. Question 9Answer A

   The RBI Act amendment of which year created the Monetary Policy Committee?

   • ACorrect answer: 2016
   • B2008
   • C2012
   • D2019

   Landmark: The RBI Act was amended in 2016 to create the Monetary Policy Committee and a statutory inflation-targeting framework.From Book 1 RATNA, topic 165, point 10

10. Question 10Answer A

    Consider: 1. Union List Entry 94 covers statistics. 2. The Collection of Statistics Act dates from 1998. Which is/are correct?

    • ACorrect answer: Only 1
    • BOnly 2
    • CBoth 1 and 2
    • DNeither

    Statistics Law: Union List Entry 94 covers statistics; the Collection of Statistics Act, 2008 governs collection.From Book 1 RATNA, topic 165, point 11

Open these answers in the app (sign-in needed)