Ques: On November 30, 2015 estimates of Gross Domestic Product (GDP) for the second quarter (July-September) Q2 of 2015-16 has been released by the Central Statistics Office (CSO). Consider the following statements:
(1) GDP at constant (2011-12) prices in Q2 of 2015-16 is estimated at 27.57 lakh crore.
(2) GDP at constant (2011-12) prices in Q2 of 2015-16 is showing a growth rate of 25.66 lakh crore.
(3) Quarterly GVA at Basic Price at constant (2011-12) prices for Q2 of 2015-16 is estimated at `25.80.
(4) GDP at current prices in Q2 of 2015-16 is estimated at 32.66 lakh crore.
Which among the above statements is / are correct?
(a) 1, 2, 3 & 4
(b) 2, 3 & 4
(c) 1, 3 & 4
(d) 1, 2 & 3
Ans: (a)
Related facts:
- November 30, 2015 The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the second quarter (July-September) Q2 of 2015-16.
- It is important to know that figures has released on the basis of constant (2011-12) and current prices.
- GDP at constant (2011-12) prices in Q2 of 2015-16 is estimated at 27.57 lakh crore, as against 25.66 lakh crore in Q2 of 2014-15, showing a growth rate of 7.4 percent.
- Quarterly GVA at Basic Price at constant (2011-12) prices for Q2 of 2015-16 is estimated at `25.80 lakh crore, as against `24.02 lakh crore in Q2 of 2014-15, showing a growth rate of 7.4 per cent over the corresponding quarter of previous year.
- GDP at current prices in Q2 of 2015-16 is estimated at 32.66 lakh crore, as against `80 lakh crore in Q2 of 2014-15, showing a growth rate of 6.0 percent.
- GVA at basic price at current prices in Q2 of 2015-16, is estimated at `26 lakh crore, as against `28.76 lakh crore in Q2, 2014-15, showing an increase of 5.2 per cent.
- Quarterly GVA at Basic Price at constant prices for Second Quarter (July-September) of 2015-16 from agriculture, forestry and fishing sector grew by 2.2 percent, mining and quarrying sector grew by 3.2 percent, manufacturing sector grew by 9.3 percent, Electricity, Gas, water supply and other utility services sector grew by 6.7 percent, Trade, hotels and Transport & communication and services related to broadcasting sector grew by 10.6 percent, Financial, insurance, real estate and professional services sector grew by 9.7 percent, Public administration and defence and other services sector grew by 4.7 percent.
- Quarterly GVA at Basic Price at current prices for Second Quarter of 2015-16 from agriculture, forestry and fishing sector grew by 2.6 percent, mining and quarrying sector grew by -1.5 percent, manufacturing sector grew by 7.4 percent, Electricity, Gas, water supply and other utility services sector grew by 12.9 percent, construction sector grew by -2.0, Trade, hotels and Transport & communication and services related to broadcasting sector grew by 5.7 percent, Financial, insurance, real estate and professional services sector grew by 5.4 percent, Public administration and defence and other services sector grew by 7.8 percent..
- Gross Fixed Capital Formation (GFCF) at current prices is estimated at `24 lakh crore in Q2 of 2015-16 as against `8.89 lakh crore in Q2 of 2014-15.
- At constant (2011-2012) prices, the GFCF is estimated at `31 lakh crore in Q2 of 2015-16 as against `7.78 lakh crore in Q2 of 2014- 15.
- In terms of GDP, the rates of GFCF at current and constant (2011-2012) prices during Q2 of 2015-16 are estimated at 28.3 per cent and 30.1 per cent, respectively.
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