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    Question

    Identify the incorrect statements regarding the impact

    of note ban, GST, and COVID- 19: 1. Economic loss was estimated at 4. 3% of GDP or â‚ą11. 3 lakh crore in 2022- 23. 2. The informal sector saw the closure of 63 lakh enterprises and a loss of 1. 6 crore jobs between 2015- 16 and 2022- 23. 3. The real GVA of unincorporated firms in manufacturing, trade, and other services rose to â‚ą9. 51 lakh crore in FY23.
    A Only 1 is incorrect Correct Answer Incorrect Answer
    B Only 2 is incorrect Correct Answer Incorrect Answer
    C Only 3 is incorrect Correct Answer Incorrect Answer
    D Both 1 and 3 are incorrect Correct Answer Incorrect Answer
    E All statements are correct Correct Answer Incorrect Answer

    Solution

    The real GVA of unincorporated firms in manufacturing, trade, and other services fell to â‚ą9. 51 lakh crore in FY23, not rose.

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