JNU SSS 2016 Question 40: National income accounting
Answer Question Nos. 37–40 on the basis of the following :
Advance estimates of GDP for 2015–16 and 1st revised estimate of GDP for 2014–15 (₹ in crore).
GVA at basic prices
Taxes on products including import duties
Subsidies on Products
GDP
At constant 2011–12 prices
2014–15 (1st RE)
9727490
1108339
283679
A
2015–16 (AE)
B
1193486
280102
11350962
Growth
C
7·7
–1·3
D
At current prices
2014–15 (1st RE)
E
1350361
334565
12488205
2015–16 (AE)
12252306
1643688
328802
F
Growth
G
21·7
–1·7
H
D is equal to
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Plain-text version
Answer Question Nos. 37–40 on the basis of the following: Advance estimates of GDP for 2015–16 and 1st revised estimate of GDP for 2014–15 (₹ in crore). | GVA at basic prices | Taxes on products including import duties | Subsidies on Products | GDP | At constant 2011–12 prices | 2014–15 (1st RE) | 9727490 | 1108339 | 283679 | A | 2015–16 (AE) | B | 1193486 | 280102 | 11350962 | Growth | C | 7·7 | –1·3 | D | At current prices | 2014–15 (1st RE) | E | 1350361 | 334565 | 12488205 | 2015–16 (AE) | 12252306 | 1643688 | 328802 | F | Growth | G | 21·7 | –1·7 | H | D is equal to (A) 7·6% (B) 27·5% (C) 2·1% (D) 16·7%
National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on Real and nominal GDP, part of National income accounting in Macroeconomics.
Separating output growth from price changes and computing real growth rates.
TestStop has 17 past-paper questions on this subtopic.
