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What is the purpose of revising the base year for Gross Domestic Product (GDP) calculations in a country like India?a)To introduce consistency in calculating GDP figures over timeb)To incorporate changes in economic structures and indicatorsc)To align with international standards of GDP computationd)To adjust GDP levels for public sector debt and taxationCorrect answer is option 'B'. 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 What is the purpose of revising the base year for Gross Domestic Product (GDP) calculations in a country like India?a)To introduce consistency in calculating GDP figures over timeb)To incorporate changes in economic structures and indicatorsc)To align with international standards of GDP computationd)To adjust GDP levels for public sector debt and taxationCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the purpose of revising the base year for Gross Domestic Product (GDP) calculations in a country like India?a)To introduce consistency in calculating GDP figures over timeb)To incorporate changes in economic structures and indicatorsc)To align with international standards of GDP computationd)To adjust GDP levels for public sector debt and taxationCorrect answer is option 'B'. Can you explain this answer?.

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