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Recently union government made some changes to the GDP calculation method. Which of the following is/are correct with regards to these changes?1. The base year for the calculation of GDP was changed to 2011-12 from 2004-05.2. GDP will be measured by using gross value added (GVA) at market price, rather than factor cost.3. The change in method of calculation has brought Indian GDP calculations more in line with global practice.Select the correct code-a)1 and 3 onlyb)1 and 2 onlyc)2 and 3 onlyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Recently union government made some changes to the GDP calculation method. Which of the following is/are correct with regards to these changes?1. The base year for the calculation of GDP was changed to 2011-12 from 2004-05.2. GDP will be measured by using gross value added (GVA) at market price, rather than factor cost.3. The change in method of calculation has brought Indian GDP calculations more in line with global practice.Select the correct code-a)1 and 3 onlyb)1 and 2 onlyc)2 and 3 onlyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Recently union government made some changes to the GDP calculation method. Which of the following is/are correct with regards to these changes?1. The base year for the calculation of GDP was changed to 2011-12 from 2004-05.2. GDP will be measured by using gross value added (GVA) at market price, rather than factor cost.3. The change in method of calculation has brought Indian GDP calculations more in line with global practice.Select the correct code-a)1 and 3 onlyb)1 and 2 onlyc)2 and 3 onlyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.

Solutions for Recently union government made some changes to the GDP calculation method. Which of the following is/are correct with regards to these changes?1. The base year for the calculation of GDP was changed to 2011-12 from 2004-05.2. GDP will be measured by using gross value added (GVA) at market price, rather than factor cost.3. The change in method of calculation has brought Indian GDP calculations more in line with global practice.Select the correct code-a)1 and 3 onlyb)1 and 2 onlyc)2 and 3 onlyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Recently union government made some changes to the GDP calculation method. Which of the following is/are correct with regards to these changes?1. The base year for the calculation of GDP was changed to 2011-12 from 2004-05.2. GDP will be measured by using gross value added (GVA) at market price, rather than factor cost.3. The change in method of calculation has brought Indian GDP calculations more in line with global practice.Select the correct code-a)1 and 3 onlyb)1 and 2 onlyc)2 and 3 onlyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Recently union government made some changes to the GDP calculation method. Which of the following is/are correct with regards to these changes?1. The base year for the calculation of GDP was changed to 2011-12 from 2004-05.2. GDP will be measured by using gross value added (GVA) at market price, rather than factor cost.3. The change in method of calculation has brought Indian GDP calculations more in line with global practice.Select the correct code-a)1 and 3 onlyb)1 and 2 onlyc)2 and 3 onlyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Recently union government made some changes to the GDP calculation method. Which of the following is/are correct with regards to these changes?1. The base year for the calculation of GDP was changed to 2011-12 from 2004-05.2. GDP will be measured by using gross value added (GVA) at market price, rather than factor cost.3. The change in method of calculation has brought Indian GDP calculations more in line with global practice.Select the correct code-a)1 and 3 onlyb)1 and 2 onlyc)2 and 3 onlyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Recently union government made some changes to the GDP calculation method. Which of the following is/are correct with regards to these changes?1. The base year for the calculation of GDP was changed to 2011-12 from 2004-05.2. GDP will be measured by using gross value added (GVA) at market price, rather than factor cost.3. The change in method of calculation has brought Indian GDP calculations more in line with global practice.Select the correct code-a)1 and 3 onlyb)1 and 2 onlyc)2 and 3 onlyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Recently union government made some changes to the GDP calculation method. Which of the following is/are correct with regards to these changes?1. The base year for the calculation of GDP was changed to 2011-12 from 2004-05.2. GDP will be measured by using gross value added (GVA) at market price, rather than factor cost.3. The change in method of calculation has brought Indian GDP calculations more in line with global practice.Select the correct code-a)1 and 3 onlyb)1 and 2 onlyc)2 and 3 onlyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.