2014 · Q71
Consider the following statements:
- 1Government of India has recently upgraded the National Industrial Classification from NIC-1987 to NIC-2008.
- 2NIC is an essential statistical standard for developing and maintaining comparable database according to economic activities.
Which of the statements given above is/are correct?
General KnowledgeIndian Economy
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
NIC-2008 replaced NIC-1987; NIC is the statistical standard for comparable economic-activity data.