SSC
The National Council of Applied Economic Research (NCAER) was established in:
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Answer: Option C — 1956
Detailed Solution
The National Council of Applied Economic Research (NCAER) was established in 1956 in New Delhi.
About NCAER:
- It is India's oldest and largest independent, non-profit economic policy research institute.
- It was set up at the initiative of the Government of India and leading industrialists, and was inaugurated by Prime Minister Jawaharlal Nehru.
Its first Director-General was the economist Dr. P. S. Lokanathan.
It is located in New Delhi.
It carries out research on economic policy for governments, industry and international organisations.
Its research covers areas such as economic growth, agriculture, trade, infrastructure, urbanisation, household incomes and consumption, human development, and investment climate.
Important work:
- It conducts large household surveys, such as the "India Human Development Survey" (IHDS), conducted jointly with the University of Maryland, USA.
- It publishes the "India Policy Forum" journal and a "Business Expectations Survey".
- It prepares the "State Investment Potential Index" (N-SIPI) for Indian states.
Other important economic research institutes of India:
Indian Statistical Institute (ISI): Kolkata (1931), founded by P. C. Mahalanobis.
Gokhale Institute of Politics and Economics: Pune (1930); it is one of the oldest economic research institutes in India.
Institute of Economic Growth (IEG): Delhi (1958).
Madras Institute of Development Studies (MIDS): Chennai (1971).
Indian Council for Research on International Economic Relations (ICRIER): New Delhi (1981).
National Institute of Public Finance and Policy (NIPFP): New Delhi (1976).
Indira Gandhi Institute of Development Research (IGIDR): Mumbai (1987); set up by the Reserve Bank of India.
Centre for Development Studies (CDS): Thiruvananthapuram (1971).
Government economic bodies:
- Economic Advisory Council to the Prime Minister (EAC-PM).
- Office of the Chief Economic Adviser (prepares the Economic Survey).
- National Statistical Office (NSO): formed in 2019 by merging the NSSO and the CSO.
Why not the other options?
- ✗1947 is the year of India's independence.
- ✗1969 is the year the Indian Council of Social Science Research (ICSSR) was established.
- ✗1991 is the year of India's economic reforms.
Quick tip
Remember: NCAER = 1956, New Delhi (oldest and largest independent economic policy research institute; India Human Development Survey); ISI = 1931; Gokhale Institute = 1930; IGIDR = 1987 (RBI).
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