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EconomyHard

Which of the following is NOT a stated function of the Statistical Business Register?

  1. A.Identifying the target population for economic surveys
  2. B.Supporting the selection of survey samples
  3. C.Sanctioning credit guarantees to small enterprises
  4. D.Enabling the production of business demography statistics

Correct answer

C. Sanctioning credit guarantees to small enterprises

Explanation

The correct answer is sanctioning credit guarantees to small enterprises, which is a financing function and has nothing to do with a statistical register. The register is a central and regularly updated database of registered statistical units engaged in economic activity within a defined geographical territory, capturing businesses, enterprises and establishments, their key characteristics and the relationships between units. Options A, B and D are wrong choices for this question because each is in fact a stated function: the register identifies the target population for economic surveys, supports survey sample selection and enables the production of business demography statistics. It also provides a common framework for business demography information and facilitates integration and consistency across different data sources, which is why it is called foundational infrastructure for the economic statistics system.

Read the full article: MSME Ministry and MoSPI Sign MoU on Statistical Business Register

Q1.EconomyEasy

The MoU signed between the Ministry of MSME and MoSPI is meant to develop and strengthen which of the following?

  1. A.Statistical Business Register
  2. B.Annual Survey of Industries
  3. C.Index of Industrial Production
  4. D.Consumer Price Index
Show answer
Correct answer: A. Statistical Business Register

The memorandum institutionalises a mechanism for sharing relevant data so that this register can be developed and strengthened, with unit-wise Udyam Registration data flowing to the statistics ministry through a two-way application programming interface to feed the National Statistical Business Register.

Q2.EconomyMedium

Which registration system's unit-wise data will be shared with MoSPI under the MoU?

  1. A.GST registration
  2. B.Udyam Registration
  3. C.Shram Suvidha registration
  4. D.Company registration with the Registrar of Companies
Show answer
Correct answer: B. Udyam Registration

Under the MoU its unit-wise data will be shared with the statistics ministry through application programming interfaces, and the two-way API will supply data for preparing the National Statistical Business Register.