Saturday, May 30, 2015

Day 42 - Questions

Day 42 - GDP of India, New GDP method, Nominal and Real GDP

( GDP of India, New GDP method, Nominal and Real GDP )

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1.  For calculating the GDP of India, which of the following is set as the new base year?
a.  2004 - 05
b.  2011 - 12
c.  2010 - 11
d.  2012 - 13

2.  With 2011 - 12 as the new base year, what is the growth rate of India in the fiscal year 2013 - 14?
a.  5 %
b.  5.5 %
c.  6.9 %
d.  7 %

3.  Which of the following body has determined the new base year for calculating GDP of India?
a.  Reserve Bank of India (RBI)
b.  Securities and Exchange Board of India (SEBI)
c.  Central Statistical Office (CSO)
d.  None of the above

4.  GDP without any adjustment of Inflation or Deflation influences is known as -
a.  Nominal GDP
b.  Real GDP
c.  Both (a) and (b)
d.  None of the above

5.  Real GDP is -
a.  GDP without any influence of inflation or deflation
b.  GDP with influence of inflation or deflation
c.  GDP compared to foreign countries
d.  None of the above

Note - Do not refer any source while answering the questions. You can comment in the Comment Section below.

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