Comprehension

Direction: Read the following passage and answer questions-

There is a common thread running through the unravelling of India’s statistical system. A modern economy with sound institutions is characterized by timely dissemination of credible data. A long term policy needs an empirical basis and issues of veracity of data will influence investment decisions. In a country with a large population of youth, data on national development, especially in core sectors like agriculture, industry, health, education and employment, will be critical. Here comes the role of National Statistical Commission, a body created to establish standards. Questioning the data veracity is a global phenomenon. The official narrative is always questioned by the people on the other side of the fence. Dissemination of economic data is essential to reach out to the public who lived their reality. Lack of data will adversely impact the quality of national policies. India must start strengthening institutions such as the central statistical commission. These institutions must be granted autonomy and insulated from external interferences. Enhanced operational autonomy will make their work credible. An indicator of operational autonomy is their ability to stick to a dissemination calendar regardless of what the data indicates.

Investment decision are impacted by:

This question was previously asked in
Official Paper 6: Held on 20th June 2019 Shift - 1
View all UGC NET Papers >
  1. Youth Population
  2. National Development
  3. Issues of Data Veracity
  4. Establishment of National Institutes

Answer (Detailed Solution Below)

Option 3 : Issues of Data Veracity
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UGC NET Paper 1: Held on 21st August 2024 Shift 1
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50 Questions 100 Marks 60 Mins

Detailed Solution

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The statement given in the third sentence of the passage states- “A long term policy needs an empirical basis and issues of the veracity of data will influence investment decisions”.

From this, it can be inferred that the investments decisions are impacted by the issue of data veracity.

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