WBCS.LIVE practice question

National Income calculated at current price in India has shown a tendency to rise at a faster rate than national income at constant prices because—

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. General price level has been rising fast
  2. India’s population has been rising
  3. Base year chosen is abnormal
  4. None of the above

Correct answer and explanation

Correct answer: General price level has been rising fast