Q. “International Comparison Program” often seen in news is related to which of the following?

[A] Data-collection initiative

[B] International Solar programme

[C] Organic farming initiative for least developed countries

[D] Forum for cyber security

Answer: A

Explanation: International Comparison Program. It is the largest worldwide data-collection initiative, under the guidance of UN Statistical Commission (UNSC).

  • Its goal is to produce Purchasing Power Parities (PPPs) which are vital for converting measures of economic activities to be comparable across economies.
  • Along with the PPPs, the ICP also produces Price Level Indices (PLI) and other regionally comparable aggregates of GDP expenditure.
  • The World Bank has released new Purchasing Power Parities (PPPs) for reference year 2017, under International Comparison Program (ICP).