GENERAL KNOWLEDGE

Detailed explanation-1: -“The real gross domestic product (GDP) for the years 2014-15 and 2013-14 stands at ₹105.52 lakh crore and ₹98.39 lakh crore, respectively, showing growth of 7.2 per cent during 2014-15, and 6.6 per cent during 2013-14, ‘’ it said in the First Revised Estimate for National Income for 2014-15.

Detailed explanation-2: -India gdp growth rate for 2021 was 8.68%, a 15.28% increase from 2020. India gdp growth rate for 2020 was-6.60%, a 10.33% decline from 2019. India gdp growth rate for 2019 was 3.74%, a 2.72% decline from 2018. India gdp growth rate for 2018 was 6.45%, a 0.34% decline from 2017.

Detailed explanation-3: -Indian economy was 2 trillion in current US dollars in 2014.It stood at 10th position in the global ranking of GDP published by the IMF. UK was at 5th position with 3 trillion current dollars. France, Brazil, Italy, and Russia were at 6th, 7th, 8th and 9th positions respectively.

Detailed explanation-4: -The correct answer is 50 to 60. Tertiary Sector/Service Sector: In terms of GDP, the share of the tertiary sector in 2013-14 is between 50 to 60 per cent. This sector’s activities help in the development of the primary and secondary sectors.