THE GIST of Editorial for UPSC Exams : 26 November 2019 (Consumer spending surveys (Indian Express))



Consumer spending surveys (Indian Express)



  • Mains Paper 3 : Economy 
  • Prelims level : Consumer Expenditure Survey 
  • Mains level : Highlights the data of Consumer Expenditure Survey

Context

  • Government of India announced that in view of “data quality issues” the Ministry of Statistics had decided not to release the results of the all-India Household Consumer Expenditure Survey (CES) conducted by the National Statistical Office (NSO) during 2017-2018. 

Key highlights:

  • The all-India Household Consumer Expenditure Survey (CES) is traditionally a quinquennial (recurring every five years) survey conducted by the government’s National Sample Survey Office (NSSO).
  • It is designed to collect information on the consumption spending patterns of households across the country, both urban and rural. 
  • The data gathered in this exercise reveals the average expenditure on goods and services and helps generate estimates of household Monthly Per Capita Consumer Expenditure (MPCE) as well as the distribution of households and persons over the MPCE classes.

Way ahead: 

  • Government has announced that it is “separately examining the feasibility of conducting the next Consumer Expenditure Survey (CES) in 2020-2021 and 2021-22 after incorporating all data quality refinements in the survey process”. 

Online Coaching for UPSC PRE Exam

General Studies Pre. Cum Mains Study Materials

Prelims Questions: 

Q.1) With reference to the Fiscal Policy which of the following curves have a direct relationship with the tax rate and tax collection?

(1) Lorenz Curve
(2) J Curve
(3) Laffer Curve
(4) Phillips Curve

Select the correct answer using the code given below:
(a) 3 only
(b) 2 and 3 only
(c) 2, 3 and 4 only
(d) 1, 2, 3 and 4

Answer: A

Mains Questions:

Q.1) Describe the key highlights of the Consumer Expenditure Survey.


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