MCQ Practice Single Best Answer Topic: Civil Services Examination (CSE)

Q What is the base year currently used for calculating India’s GDP?

Question ID
#23830
Subchapter
Civil Services Examination (CSE)
Action
Choose one option below

Choose Your Answer

Click an option to check whether your answer is correct.

  • A 2004-05
  • B 2011-12
  • C 2014-15
  • D 2001-02
Correct Answer: B

Explanation

The base year for calculating India’s GDP is 2011-12, chosen to reflect recent economic activities and structural changes. Base years are periodically updated to provide an accurate measure of economic performance and to incorporate updated data sources and methodologies. Using an appropriate base year ensures realistic GDP calculations, aiding policymakers in framing effective economic strategies.

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