SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Answer: The Government of India is in charge of calculating India’s Gross Domestic Product (GDP).
Detailed explanation-2: -Ministry of Statistics and Programme Implementation, Government of India evaluates GDP in India.
Detailed explanation-3: -This ministry, with the help of various government departments of all the Indian states and union territories, collects information relating to total volume of goods and services and their prices and then estimates the GDP.
Detailed explanation-4: -GDP in a country is usually calculated by the national statistical agency, which compiles the information from a large number of sources. In making the calculations, however, most countries follow established international standards.