BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Gross Value Added by agriculture, forestry and fishing is estimated at Rs____trillion in Financial Year 2018?
A
Rs 16.47 trillion
B
Rs 22.45 trillion
C
Rs 23.32 trillion
D
Rs 17.67 trillion
Explanation: 

Detailed explanation-1: -According to the India Brand Equity Foundation, agriculture is the primary source of livelihood for about 58 percent of India’s population, and the Gross Value Added by agriculture, forestry and fishing is being estimated at Rs 17.67 trillion ($274.23 billion) in FY18.

Detailed explanation-2: -Gross Value Added Example Gross investment = $250 billion. Government investment = $150 billion. Government spending = $250 billion. Total exports = $150 billion.

Detailed explanation-3: -Estimates of regional gross value added (GVA), which is the value generated by any unit engaged in the production of goods and services.

Detailed explanation-4: -What is Gross Value Added? Gross value added (GVA) is the measure of the total value of goods and services produced in an economy( area, region or country).

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