SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2004-05
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2010-11
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2014-15
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2011-12
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Detailed explanation-1: -The base year of the national accounts is chosen to enable inter-year comparisons. It gives an idea about changes in purchasing power and allows calculation of inflation-adjusted growth estimates. The last series has changed the base to 2011-12 from 2004-05.
Detailed explanation-2: -Gross National Income 81, 48, 952crore during 2011-12, as compared to Rs. 70, 78, 512 crore during 2010-11, showing a rise of 15.1 per cent.
Detailed explanation-3: -Nominal Net National Income (NNI) for the year 2011-12 stands at Rs. 78.5 lakh crore, while the estimates for the years 2012-13 and 2013-14 are Rs. 88.4 lakh crore and Rs. 100.6 lakh crore, showing an increase of 12.7 percent and 13.7 percent during 2012-13 and 2013-14 rsepectively.