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Special Data Dissemination Standard (SDDS)
According to the International Monetary Fund’s (IMF), Special Data Dissemination Standard(SDDS) for 2018, India failed to comply with multiple requirements prescribed in the SDDS. Consider the following statements regarding the SDDS.
- The IMF launched the SDDS initiative in 1996 to guide members to enhance data transparency and help financial market participants with adequate information to assess the economic situations of individual countries.
- There are over 20 data categories which IMF considers for this report to capture a nation’s economic health including national accounts (GDP, GNI), production indices, employment, and central government operations.
- India subscribed to the SDDS on December 27, 1997.
Which of the following statements given above is/are correct?
A |
1 and 2
|
|
B |
2 and 3
|
|
C |
1 and 3
|
|
D |
1, 2 and 3
|
Your Ans is
Right ans is A
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- The SDDS is a global benchmark for disseminating macroeconomic statistics to the public, launched by the IMF in 1996 to guide members to enhance data transparency and help financial market participants with adequate information to assess the economic situations of individual countries.
- It comprises 20 data categories in order to capture a nation’s economic health including national accounts (GDP, GNI), production indices, employment, and central government operations.
- India subscribed to the SDDS on December 27, 1996 and not 1997.
Significance
- Data dissemination standards enhance the availability of timely and comprehensive statistics, which contributes to sound macroeconomic policies and the efficient functioning of financial markets.
Source: Civil Services Chronicle Online
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