Answer: Index numbers are formulas used to measure relative changes in prices or quantities over time. Laspeyres Index: Uses base-year...

Which CPI does RBI use for inflation targeting? Why not WPI? RBI’s choice: RBI uses CPI-Combined (2012=100)  as the nominal anchor for...

What is the difference between CPI-IW, CPI-AL, CPI-RL, and CPI-Combined? Answer: India publishes multiple Consumer Price Indexes (CPI)...

How is “factory” defined in ASI? Are all manufacturing units covered? Answer: The definition of “factory” in ASI  comes from the...

What is the coverage and significance of the Annual Survey of Industries (ASI)? Answer: The Annual Survey of Industries (ASI)  is the...

Explain the difference between Usual Principal Status (UPS), Usual Status Adjusted for Subsidiary Activity (UPSS), and Current Weekly...

What is the objective of the PLFS conducted by NSO? Answer: The Periodic Labour Force Survey (PLFS) , launched in April 2017 by the NSO...

Explain the difference between leading, coincident, and lagging indicators in economic statistics. Answer: Economic indicators are used...

What are the limitations of using GDP as the sole indicator of economic progress? Answer: GDP (Gross Domestic Product) is the most widely...

Why was the 2011–12 GDP base year revision controversial? Answer: India periodically revises the base year of national accounts to ensure...

How does India’s GDP estimation methodology incorporate the informal sector? Answer: India’s economy is highly diversified, and nearly...

Probability is a fascinating branch of mathematics that explores how likely events are to occur. It helps us quantify uncertainty and...

In today's data-driven world, understanding relationships between variables is crucial. Regression is a key tool that makes this...

Preparing for the Indian Statistical Service (ISS) Interview: A Comprehensive Guide Preparing for the Indian Statistical Service (ISS)...

Great question 👌 Let’s carefully compare the Indian Statistical Service (ISS)  and the Indian Administrative Service (IAS)  in terms of...

In today's world, where data is central to decision-making, a master's degree in statistics can open the door to numerous high-paying job...

The history of statistical systems in India is not just about numbers; it reflects the very essence of the nation’s journey. From ancient...

In recent years, education has undergone a significant transformation, especially in India. The rise of digital learning solutions has...

Independence Day is more than just a date on the calendar; it’s a heartfelt celebration of our freedom, our culture, and our identity. As...

The landscape of education in India is undergoing a remarkable transformation. With the rise of technology and internet accessibility,...