WBCS.LIVE practice question

What is the current base year used for calculating India's GDP?

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

Answer options

  1. 2004-05
  2. 2011-12
  3. 2015-16
  4. 2018-19

Correct answer and explanation

Correct answer: 2011-12

Explanation: āœ… Correct Answer: B) 2011-12 šŸ“š Explanation: The base year is a specific, stable benchmark year used to accurately calculate macro-economic indices like Gross Domestic Product (GDP) by removing the distorting effect of inflation. In 2015, the Central Statistics Office (CSO) officially revised the base year for calculating India's GDP from 2004-05 to the new standard of 2011-12.