Ministry Of Statistics Programme Implementation

Official policy releases, schemes, circulars, and Prelims practice questions from Ministry Of Statistics Programme Implementation distilled for UPSC Civil Services Examination.

🎯 Ministry Of Statistics Programme Implementation UPSC Practice Questions

🎯 UPSC Prelims Practice Drill

Economy

With reference to India's banking and monetary statistics framework, consider the following statements: 1. As per the Banking Laws (Amendment) Act, 2025, the definition of a banking fortnight has been revised from alternate Fridays to the 15th and the last calendar day of a month, effective December 15, 2025. 2. India's Foreign Exchange Reserves are structurally categorized into Foreign Currency Assets, Gold, Special Drawing Rights (SDRs), and the Reserve Position in the International Monetary Fund (IMF). Which of the statements given above is/are correct?

  • [A] 1 only
  • [B] 2 only
  • [C] Both 1 and 2
  • [D] Neither 1 nor 2
▶ Reveal Official Answer & Analytical Explanation
✓ Correct Option: [C] Both 1 and 2

Statement 1 is correct because the Banking Laws (Amendment) Act, 2025 officially revised the definition of a banking fortnight from alternate Fridays to the 15th and the last calendar day of a month, effective December 15, 2025. Statement 2 is also correct as India's Foreign Exchange Reserves comprise Foreign Currency Assets, Gold, Special Drawing Rights, and the Reserve Position in the IMF as per standard Reserve Bank of India reporting.

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🎯 UPSC Prelims Practice Drill

Economy

With reference to the recent initiatives in India's official statistics, consider the following statements: 1. The Ministry of Statistics and Programme Implementation (MoSPI) has partnered with an academic institution to develop a predictive and analytical framework for monthly consumption expenditure using Artificial Intelligence (AI). 2. The initiative aims to leverage Household Consumption Expenditure Survey (HCES) data to estimate Monthly Per Capita Consumption Expenditure (MPCE) at national and state levels for poverty estimation and macroeconomic planning. Which of the statements given above is/are correct?

  • [A] 1 only
  • [B] 2 only
  • [C] Both 1 and 2
  • [D] Neither 1 nor 2
▶ Reveal Official Answer & Analytical Explanation
✓ Correct Option: [C] Both 1 and 2

Statement 1 is correct: MoSPI signed an MoU with Thapar Institute of Engineering and Technology, Punjab, to develop a predictive and analytical framework for monthly consumption expenditure, representing an innovative use of AI in official statistics. Statement 2 is correct: The collaboration aims to leverage Household Consumption Expenditure Survey (HCES) data to estimate Monthly Per Capita Consumption Expenditure (MPCE) at both national and state levels to assist in poverty estimation and macroeconomic planning.

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Official Policy Notifications & Dossiers

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