📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    With reference to the Gross Value Added (GVA) in

    India’s agriculture and allied sectors, consider the following statements: 1. The GVA of agriculture and allied sectors at current prices grew by 225% between 2011–12 and 2023–24. 2. At constant prices, the Gross Value of Output (GVO) grew by about 54.6% over the same period. 3. In 2023–24, cereals and fruits & vegetables together contributed less than one-third of the total crop GVO. 4. Uttar Pradesh, Madhya Pradesh, Punjab, Telangana, and Haryana together accounted for more than half of India’s cereal GVO in 2023–24. Which of the statements given above is/are correct?
    A 1 and 2 only Correct Answer Incorrect Answer
    B 1, 2 and 4 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 1 and 3 only Correct Answer Incorrect Answer
    E 1, 2, 3 and 4 Correct Answer Incorrect Answer

    Solution

    • Statement 1 is correct – Agriculture and allied GVA rose from ₹1,502 thousand crore in 2011–12 to ₹4,878 thousand crore in 2023–24, a 225% increase at current prices. • Statement 2 is correct – At constant prices, GVO increased from ₹1,908 thousand crore to ₹2,949 thousand crore, i.e., 54.6% growth. • Statement 3 is incorrect – Cereals and fruits & vegetables contributed 52.5% of the crop GVO in 2023–24, i.e., more than half, not less than one-third. • Statement 4 is correct – The states UP, MP, Punjab, Telangana, and Haryana together contributed nearly 53% of cereal GVO, i.e., more than half. Additional Context: • Crop sector remains the largest contributor to agricultural GVO: ₹1,595 thousand crore in 2023–24 (54.1% of total). • Within cereals, paddy and wheat = 85% of cereal GVO.

    Practice Next
    More MCQs for RBI Grade B Questions

    Relevant for Exams:

    ask-question
    9