With reference to the new National Industrial Classification (NIC) 2025, consider the following statements: 1. It has been launched by the Ministry of Statistics & Programme Implementation (MoSPI). 2. It introduces a five-digit code structure, replacing the previous six-digit format. Which of the statements given above is/are correct? |ForumIAS

Q. With reference to the new National Industrial Classification (NIC) 2025, consider the following statements:
1.It has been launched by the Ministry of Statistics & Programme Implementation (MoSPI).
2.It introduces a five-digit code structure, replacing the previous six-digit format.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation: 1 only

Statement 1 is correct: The Ministry of Statistics & Programme Implementation (MoSPI) unveiled the new National Industrial Classification (NIC) 2025 at the culmination ceremony of the 75th anniversary of the National Sample Survey Office (NSS) and World Statistics Day in Udaipur.

Statement 2 is incorrect: The NIC 2025 introduces a six-digit code structure (replacing the previous five-digit format) with the aim of offering finer granularity and more flexible classification of economic activities.

Source: DD News

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