Slowdown 2

Question 1

Incorporation of System of National Accounts 2008
Valuation of Gross Value Added (GVA) & Net Value Added (NVA)
at _
Headline GDP =

Treating unincorporated enterprises maintaining accounts as_

Answer 1

Basic Prices, GDP at market prices( instead of GDP at factor cost)
GDP at market prices to make it more consumer centric- takes into account indirect taxes and subsidies,
quasi-corporations

Question 2

1) MCA21 database

2) Broader coverage of financial sector by

Answer 2

including stock brokers, stock exchanges, asset management companies, mutual funds and pension funds, as well as regulatory bodies, SEBI, PFRDA and IRDA.

Question 3

New method addresses differential labour productivity issue
by assigning weights to different categories of workers based on their
productivity, the method is-

Answer 3

Effective labour input method

Question 4

GVA=

GDP is _

Answer 4

=Output- Input
Measure of value added in goods and services
Sector specific

GDP is summation of all GVAs with taxes added and subsidies deducted

Question 5

First advance estimates of national income 2019-20 released by .
Extrapolated version of what happened in _ months.
Based on key indicators like.

Answer 5

NSO
8
Index of Industrial Production (IIP), financial performance of Listed Companies in the Private Corporate sector, accounts of Central & State Governments, information on indicators like Deposits & Credits etc.