Q160. In the RBI Monetary Policy Committee’s August 2025 outlook, what was the projected real GDP growth for Q1 FY2026–27?
[RRB Group D (5 December 2025, Shift 1)]
A. 6.6%
B. 6.8%
C. 6.5%
D. 6.3%
Answer: A. 6.6%
Explanation: The examination asked for the quarterly projection communicated at a specific RBI policy meeting. Quarterly growth forecasts should be interpreted as contemporaneous expectations and can change as conditions and statistical releases evolve.
Q159. Assess the statements:
I. Personal income is the portion of private income received by households.
II. National income comprises private and public income.
[SSC CHSL (22 November 2025, Shift 2)]
A. I only
B. II only
C. Both I and II
D. Neither
Answer: C. Both I and II
Explanation: Personal income concerns the income actually reaching individuals and households; broader private income includes amounts retained by companies. In this exam’s framework, national income is distributed between the private and government sectors.
Q158. Which sector contributes the largest share of India’s GDP in recent years?
[UPPSC LT Grade (6 December 2025, Shift 1)]
A. Large-scale industry
B. Services
C. Small and cottage industry
D. Agriculture
Answer: B. Services
Explanation: The service sector accounts for the biggest portion of India’s output. It includes activities such as trade, transport, finance, information technology and professional services, and is distinct from primary extraction and secondary manufacturing.
Q157. Which measure is a commonly used overall indicator of economic growth?
[SSC GD Constable (18 February 2025, Shift 2)]
A. National consumption alone
B. Foreign investment
C. National income only
D. Gross domestic product
Answer: D. Gross domestic product
Explanation: Real GDP growth tracks changes in the volume of goods and services produced inside an economy. It is widely used to describe economic growth, although it does not by itself measure equity, environmental quality or human welfare.
Q156. If real GDP is ₹56,700 crore and the GDP price index is 135, find nominal GDP.
[MPPSC Assistant Professor Commerce II (1 June 2025)]
A. ₹76,545 crore
B. ₹38,272.5 crore
C. ₹48,255.3 crore
D. ₹42,000 crore
Answer: A. ₹76,545 crore
Explanation: Nominal GDP is real GDP multiplied by the deflator divided by one hundred. Multiplying 56,700 by 1.35 gives 76,545 crore; the difference arises because current-period prices exceed base-year prices.
Q155. What is the expansion of GDP?
[SSC Selection Post (29 July 2025, Shift 1)]
A. Gross Domestic Product
B. Government Domestic Plan
C. General Development Plan
D. Gross Demand Process
Answer: A. Gross Domestic Product
Explanation: Gross Domestic Product is the standard name for the monetary value of final domestic output produced over a period. Neither government plans nor aggregate demand processes are the expansion of this national-accounts abbreviation.
Q154. Which valuation is used for nominal GDP?
[Haryana CET (26 July 2025, Shift 2)]
A. Constant market prices
B. Per-capita income values
C. Current market prices
D. None of these
Answer: C. Current market prices
Explanation: Nominal GDP applies the prices prevailing in the same period as production. It therefore reflects changes in both quantities and prices, unlike real GDP, which is valued at fixed base-period prices.
Q153. GDP valued at current prices and at constant prices are called what, respectively?
[DSSSB ASO (22 August 2025, Shift 1)]
A. Real then nominal GDP
B. Real then nominal GNP
C. Inflation-adjusted then constant GDP
D. Nominal then real GDP
Answer: D. Nominal then real GDP
Explanation: Current-price GDP is nominal because it incorporates price changes. Constant-price GDP is real because quantities are valued at reference-year prices, allowing the physical level of economic output to be compared more reliably.
Q152. What real GDP growth rate did India record for 2023–24 according to the revised estimate cited in the question?
[RRB NTPC Graduate CBT I (17 June 2025, Shift 1)]
A. 6.2%
B. 9.2%
C. 5.2%
D. 15.2%
Answer: B. 9.2%
Explanation: The question relied on the revised 2023–24 real GDP estimate of 9.2 percent, announced after national-account revisions. Earlier advance or provisional releases showed different rates, so the revision vintage is essential for interpreting this numerical PYQ.
Q151. What percentage of India’s GDP did industry contribute in 1950–51 in the historical figures used by this paper?
[SSC CHSL (13 November 2025, Shift 1)]
A. 5%
B. 7%
C. 13%
D. 27%
Answer: C. 13%
Explanation: The SSC CHSL question uses the rounded value of approximately thirteen percent for industry in 1950–51. It differs from some other published series because historical sectoral shares depend on classifications, estimation methods and rounding.
