WBCS.LIVE practice question

What is the current base year used for the calculation of GDP at constant prices in India?

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. 2020–21

Correct answer and explanation

Correct answer: 2011–12

Explanation: āœ… Correct Answer: B) 2011–12 šŸ“š Explanation: The Central Statistics Office (now part of NSO) revised the base year for national accounts from 2004–05 to 2011–12 in January 2015. Using a base year allows economists to measure real economic growth by removing the effects of inflation. Although there have been proposals to update the base year again, 2011–12 remains the official benchmark for GDP calculations currently.