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GK Corner

Today's Question
'Geographical Indication Tag' for black pottery is associated with which of the following place in Uttar Pradesh?

 
 
 
 

Previous Questions  
Qus: 'Base year' in National Income accounting means : (R.A.S./ R.T.S. (Pre) 2021)

A. The year whose income is being used to calculate the nominal GDP
Total Votes: 16
24%
B. The year whose prices are being used to calculate the nominal GDP
Total Votes: 16
24%
C. The year whose prices are being used to calculate the real GDP
Total Votes: 24
36%
D. The year whose income is being used to calculate the real GDP
Total Votes: 9
13%
Total Votes: 65
Correct Answer: The year whose prices are being used to calculate the real GDP

Explanation:
'Base year' in National Income accounting means – the year whose prices are being used as reference prices to calculate the real GDP or real National Income. At present, the base year for National Income accounting is 2011-12. For example – if goods and services produced during the year 2021-22 are valued at the prices of the base year (i.e. 2011-12), it will be called National Income at constant prices


Word Pronunciation

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Awry
uh-rye
aw-ree
Suite
sweet
suit/ soot