In India, the base year of the new GDP series has been shifted from 2004-05 to

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Q: 75 (CDS-II/2017)
In India, the base year of the new GDP series has been shifted from 2004-05 to

question_subject: 

Economics

question_exam: 

CDS-II

stats: 

0,44,10,2,3,5,44

keywords: 

{'new gdp series': [0, 0, 0, 1], 'base year': [0, 0, 1, 1], 'india': [8, 1, 7, 13]}

In India, the base year for calculating the Gross Domestic Product (GDP) was shifted from 2004-05 to 2011-12. The base year is the reference point against which the growth of an economy is measured. It is important to update the base year periodically to reflect changes in the structure of the economy and to provide accurate measurements of economic growth.

Option 1: The base year of 2007-08 is not correct. The correct base year for India`s new GDP series is 2011-12.

Option 2: The base year of 2008-09 is not correct. The correct base year for India`s new GDP series is 2011-12.

Option 3: The base year of 2010-11 is not correct. The correct base year for India`s new GDP series is 2011-12.

Option 4: The base year of 2011-12 is the correct answer. This means that all calculations and comparisons of India`s GDP are based on economic data from the financial year 2011-12. This update provides a more accurate reflection of the current structure and performance of the Indian economy.