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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 ₹11. 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 ₹9. 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 ₹9. 51 lakh crore in FY23, not rose.

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