BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2.1%, 4.4%, and 8.3%
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2.1%, 4.4%, and 8.7%
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2.1%, 4.6%, and 8.3%
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2.8%, 4.4%, and 8.3%
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Detailed explanation-1: -The agriculture and industry sectors are expected to grow at 2.1% and 4.4% respectively, while the service sector is estimated to grow at 8.3%. Inflation: The Consumer Price Index (CPI) based inflation was 3.3% in 2017-18 (April-December). The average food inflation was 1.2% for the same period.
Detailed explanation-2: -Gross Domestic Product GDP at current prices for the year 2017-18 is estimated at ‘167.73 lakh crore, showing a growth rate of 10.0 percent over the First Revised Estimates of GDP for the year 2016-17 of ‘152.54 lakh crore.
Detailed explanation-3: -Agricultural output has been volatile over the past 10 years, with annual growth ranging from 8.6% in 2010-11, to-0.2% in 2014-15 and 0.8% in 2015-16.
Detailed explanation-4: -Share of Agriculture & allied sector has declined at 18.20% in 2013-14. Share of Services sector has improved to 57.03%. Share of Industry sector has also increased to 24.77%. According to CIA Fackbook, sector-wise Indian GDP composition in 2017 is as follows: Agriculture (15.4%), Industry (23%), and Services (61.5%).
Detailed explanation-5: -The services sector accounts for 54 per cent of India’s Gross Value Added (GVA). Its growth rate moderated to 7.5 per cent in 2018-19 from 8.1 per cent in 2017-18.