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Which of the following points are correct with respect to the First Advance Estimates (FAE) of National Income for FY22 that was released in January 2022?
A) The Ministry of Finance released the FAE of National Income at both Constant & Current Prices for FY22.
B) The growth in real Gross Domestic Product (GDP) or GDP at Constant Prices stood at 9.2% in FY22.
C) Per capita net national income in real terms is estimated to be Rs 1,07,589 crore in FY22, higher than Rs 1,06,975 crore in FY20.
  • a)
    Only A
  • b)
    Only B
  • c)
    Only C
  • d)
    Both A & B
  • e)
    Both B & C
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which of the following points are correct with respect to the First Ad...
The National Statistical Office (NSO), Ministry of statistics and planning implementation (MOSPI) released the FAE of National Income at both Constant (2011-12) and Current Prices for FY22.
i. The growth in real Gross Domestic Product (GDP) or GDP at Constant Prices stood at 9.2% in FY22.
ii. Per capita net national income in real terms is estimated to be Rs 1,06,975 crore in FY22, lower than Rs 1,07,589 crore in FY20.
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Which of the following points are correct with respect to the First Advance Estimates (FAE) of National Income for FY22 that was released in January 2022?A) The Ministry of Finance released the FAE of National Income at both Constant & Current Prices for FY22.B) The growth in real Gross Domestic Product (GDP) or GDP at Constant Prices stood at 9.2% in FY22.C) Per capita net national income in real terms is estimated to be Rs 1,07,589 crore in FY22, higher than Rs 1,06,975 crore in FY20.a)Only Ab)Only Bc)Only Cd)Both A & Be)Both B & CCorrect answer is option 'B'. Can you explain this answer?
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