The 'GDP at constant prices' in India uses which base year? MCQ with Answer and Explanation

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The 'GDP at constant prices' in India uses which base year?

A. 2004-05

B. 2011-12

C. 2019-20

D. 2015-16

Answer: Option B

Solution (By JKSSB Mock Tests)

India's GDP constant price series currently uses base year 2011-12.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Bombay Stock Exchange' is the oldest stock exchange in Asia and was established in:

A. 1947

B. 1875

C. 1850

D. 1900

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Correct Answer: Option B

Explanation:
BSE was established in 1875.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Human Capital Formation' includes investment in:

A. machinery

B. financial assets

C. physical infrastructure only

D. education, health and training

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Correct Answer: Option D

Explanation:
Human capital formation involves education, health and training investments.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' was first proposed in India by:

A. Kelkar Task Force on FRBM? Actually Chelliah Committee

B. RBI

C. Narasimham Committee

D. Gadgil Committee

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Correct Answer: Option A

Explanation:
GST was first proposed by the Chelliah Committee on tax reforms, not Kelkar.

This question belongs to: Economy GK Economy Set 1

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