New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Read the following paragraph and answer the question that follows:  Growing environmental concerns have resulted in the demand for green national accounts that highlight the stock of environmental wealth, and its use and depletion by a society in its conventional national accounts. Green GDP should account for both environmentally beneficial and harmful products and their social value. It also proposes a classification of products based on their environmental impact and a method of data collection and analysis using the Supply and Use tables of the Ministry of Statistics and Programme Implementation (MoSPI).

    How does Green GDP differ from traditional

    GDP?
    A Green GDP excludes the value of services produced in an economy Correct Answer Incorrect Answer
    B Green GDP includes the environmental costs of economic activities Correct Answer Incorrect Answer
    C Green GDP measures only the economic benefits of production Correct Answer Incorrect Answer
    D Green GDP is calculated using base year prices Correct Answer Incorrect Answer
    E Green GDP focuses solely on the industrial sector Correct Answer Incorrect Answer

    Solution

    Green GDP differs from traditional GDP by including the environmental costs of economic activities, such as pollution and resource depletion, to provide a more accurate representation of economic welfare.

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