Instructions

Answer the following questions based on the table below, which reports certain data series from National Accounts Statistics of India at Current Prices.

Question 69

The annual growth rate in the GNP series at factor cost was highest between;

Solution

Let us check the options one by one.

Option (A): The annual growth rate in the GNP series at factor cost between 2008-09 and 2009-10 = $$\dfrac{6095230-5249463}{5249463}\times 100$$ = 16.11 percent. 

Option (B): The annual growth rate in the GNP series at factor cost between 2006-07 and 2007-08 = $$\dfrac{4560910-3919007}{3919007}\times 100$$ = 16.38 percent. 

Option (C): The annual growth rate in the GNP series at factor cost between 2007-08 and 2008-09 = $$\dfrac{5249463-4560910}{4560910}\times 100$$ = 15.09 percent. 

Option (D): The annual growth rate in the GNP series at factor cost between 2005-06 and 2006-07 =$$\dfrac{3919007-3363505}{3363505}\times 100$$ = 16.52 percent. 

We can see that the value is the highest between 2005-06 and 2006-07. Hence, option D is the correct answer.

Video Solution

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