Q. Which of the following is/are the function(s) of the National Statistics Office (NSO)?
1. Prepares national accounts as well as publishes annual estimates of national product
2. Organizes and conducts periodic all-India Economic Censuses
3. Conducts the Annual Survey of Industries (ASI)
Select the correct answer using the code given below:

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D
Notes:

All statements are correct 

National Statistics Office (NSO) is mandated with the following responsibilities:
— prepares national accounts as well as publishes annual estimates of national product, government and private consumption expenditure, capital formation, savings, estimates of capital stock and consumption of fixed capital
— compiles and releases the Index of Industrial Production (IIP) every month in the form of ‘quick estimates’; conducts the Annual Survey of Industries (ASI); and provides statistical information to assess and evaluate the changes in the growth, composition and structure of the organized manufacturing sector;
— organizes and conducts periodic all-India Economic Censuses and follow-up enterprise surveys, provides an in-house facility to process the data collected through various socio-economic surveys and follow-up enterprise surveys of Economic Censuses.
# The National Statistics Office (NSO) released today the first Advance Estimates (AE) of GDP for the year 2020-21. The real GDP at 2011-12 prices in 2020-21 has been estimated to contract by 7.7 per cent and nominal GDP at current prices by 4.2 per cent.