JNU SSS 2016 Question 41: 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
E is qual 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 | E is qual to (A) ₹ 1,24,88,205 crore (B) ₹ 1,08,03,279 crore (C) ₹ 1,35,04,001 crore (D) ₹ 1,14,72,409 crore
National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on The income and value-added methods, part of National income accounting in Macroeconomics.
Measuring national product as factor incomes or as value added at each stage.
TestStop has 14 past-paper questions on this subtopic.
