Q. Consider the following statements about the Supply and Use Tables (SUTs):
1.They are released by the Ministry of Finance.
2.They offer a comprehensive framework that integrates the production, income, and expenditure approaches in measuring Gross Domestic Product (GDP).
Which of the statements given above is/are correct?
Answer: B
Notes:
Explanation: Only 2
Statement 1 is incorrect: The Ministry of Statistics and Programme Implementation (MoSPI) has released the ‘Supply and Use Tables of 2020-21 and 2021-22’.
Statement 2 is correct: They offer a comprehensive framework that integrates the three approaches to measuring Gross Domestic Product (GDP)—production, income, and expenditure within a unified structure.
Source: PIB
