The 'First Advance Estimates' of GDP for a financial year in India are released by: MCQ with Answer and Explanation

Question

Share Report Error

The 'First Advance Estimates' of GDP for a financial year in India are released by:

A. RBI

B. NITI Aayog

C. National Statistical Office

D. Ministry of Finance

Answer: Option C

Solution (By JKSSB Mock Tests)

The NSO releases advance estimates of GDP.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

In the context of monetary policy, 'Forward Guidance' refers to:

A. Communication by the central bank about the likely future path of policy rates

B. Only changes in the current policy rate

C. Only reserve requirements

D. Only quantitative easing

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Forward guidance is a policy tool in which the central bank communicates its intentions regarding the future path of the policy rate or other policy instruments in order to influence longer-term rates and expectations.

This question belongs to: Economy GK Economy Set 1

Question #2

The term 'Invisible Trade' in the balance of payments includes:

A. Only foreign direct investment

B. Trade in services, income and unilateral transfers

C. Trade in merchandise goods only

D. Only capital transfers

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Invisible trade (invisibles) comprises services (travel, transportation, software, etc.), primary income and secondary income (transfers).

This question belongs to: Economy GK Economy Set 1

Question #3

Revenue deficit is calculated as:

A. total expenditure minus total receipts

B. revenue receipts minus revenue expenditure

C. fiscal deficit minus primary deficit

D. revenue expenditure minus revenue receipts

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Revenue deficit is revenue expenditure minus revenue receipts.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs