UPSC Prelims Practice Questions — Release of Uniform Guideline for Compilation of Gross State Value Added (GSVA) Estimates with Base Year 2022-23

Q1. With reference to the Uniform Guideline for compilation of Gross State Value Added (GSVA) finalised by MoSPI in 2026 as compared to the earlier framework, consider the following statements: 1. The new series shifts the base year for the National Accounts from 2011-12 to 2022-23. 2. Unlike the earlier series, the present exercise seeks to onboard all States and Union Territories, including Lakshadweep and Dadra and Nagar Haveli & Daman and Diu, for complete national coverage of Regional Accounts. 3. The Uniform Guideline applies exclusively to Gross State Domestic Product (GSDP) estimates and explicitly excludes District Domestic Product (DDP) from its scope. Which of the statements given above is/are correct?

  1. The new series shifts the base year for the National Accounts from 2011-12 to 2022-23.
  2. Unlike the earlier series, the present exercise seeks to onboard all States and Union Territories, including Lakshadweep and Dadra and Nagar Haveli & Daman and Diu, for complete national coverage of Regional Accounts.
  3. The Uniform Guideline applies exclusively to Gross State Domestic Product (GSDP) estimates and explicitly excludes District Domestic Product (DDP) from its scope.
  • A. 1 and 2 only
  • B. 2 and 3 only
  • C. 1 and 3 only
  • D. 1, 2 and 3

Q2. Since the first official series of India's National Accounts Statistics (which used 1948-49 as the base year), how many times has the base year of the National Accounts been formally revised, counting the latest shift to 2022-23?

  • A. Six times
  • B. Seven times
  • C. Eight times
  • D. Nine times

Q3. The methodology adopted by India for compiling Gross Value Added (GVA) at basic prices, which is the production-side building block of Gross Domestic Product (GDP) and Gross State Value Added (GSVA), is aligned with which one of the following international statistical standards?

  • A. System of National Accounts (SNA), 2008
  • B. Balance of Payments and International Investment Position Manual (BPM6), 2009
  • C. Government Finance Statistics Manual (GFSM), 2014
  • D. International Comparison Programme (ICP), 2017 round

Q4. In India, the responsibility for compiling and officially releasing the estimates of Gross Value Added (GVA) at basic prices and Gross Domestic Product (GDP) at market prices rests solely with which one of the following bodies?

  • A. Ministry of Statistics and Programme Implementation (MoSPI)
  • B. Reserve Bank of India (RBI)
  • C. NITI Aayog
  • D. Department of Economic Affairs, Ministry of Finance

Q5. The Uniform Guideline for Compilation of Gross State Value Added (GSVA) Estimates with Base Year 2022-23 has been released by which one of the following?

  • A. NITI Aayog
  • B. Department of Economic Affairs, Ministry of Finance
  • C. Ministry of Statistics and Programme Implementation
  • D. Reserve Bank of India

Q6. In the institutional architecture of India's official statistical system, the term 'National Statistical Office (NSO)' refers to which one of the following?

  • A. A statutory body created under an Act of Parliament to advise the Government on statistical priorities and standards
  • B. An entity formed within the Ministry of Statistics and Programme Implementation by merging the Central Statistical Office and the National Sample Survey Office
  • C. A constitutional body chaired by the Vice-Chairperson of NITI Aayog for producing official statistics
  • D. An autonomous registered society functioning under the Department of Economic Affairs, Ministry of Finance

Q7. With reference to the Advisory Committee on National Accounts Statistics (ACNAS) constituted for the base year revision (2022-23) of National Accounts, consider the following statements: 1. It is chaired by an eminent economist drawn from academia / a non-governmental institution. 2. It includes representatives of the Reserve Bank of India. 3. It includes representatives of State Governments. 4. It is chaired ex officio by the Cabinet Secretary, Government of India. Which of the statements given above is/are correct?

  1. It is chaired by an eminent economist drawn from academia / a non-governmental institution.
  2. It includes representatives of the Reserve Bank of India.
  3. It includes representatives of State Governments.
  4. It is chaired ex officio by the Cabinet Secretary, Government of India.
  • A. 1, 2 and 3 only
  • B. 2 and 4 only
  • C. 1 and 3 only
  • D. 1, 2, 3 and 4

Q8. The System of National Accounts (SNA), the international statistical standard followed by India for compilation of GDP and GSVA estimates, is jointly produced and released by how many international organisations?

  • A. Three
  • B. Four
  • C. Five
  • D. Six

Q9. The System of National Accounts 2008 (SNA 2008), which India currently follows for compilation of its GDP and GSVA estimates, was adopted by which one of the following bodies?

  • A. United Nations Statistical Commission
  • B. United Nations Economic and Social Council (ECOSOC)
  • C. Statistics Department of the International Monetary Fund
  • D. OECD Committee on Statistics and Statistical Policy

Q10. With reference to the base year 2022-23 revision of National Accounts Statistics, who chairs the Sub-Committee on Regional Accounts constituted under the Advisory Committee on National Accounts Statistics (ACNAS)?

  • A. Dr. Bibek Debroy
  • B. Prof. Ravindra H. Dholakia
  • C. Dr. C. Rangarajan
  • D. Prof. Pronab Sen

Q11. With reference to the compilation of State Domestic Product (SDP) and District Domestic Product (DDP) estimates in India, consider the following statements: 1. State Directorates of Economics and Statistics (DESs) are the primary compilers of State Domestic Product estimates. 2. District Domestic Product estimates are primarily prepared by allocating State-level estimates to districts using suitable district-wise indicators in sectors where direct district-level data are unavailable. 3. The Sub-Committee on Regional Accounts under ACNAS has been mandated to review concepts and methodologies for compiling SDP and DDP. 4. Gross State Value Added (GSVA) estimates under the new 2022-23 series exclude the Union Territories of Lakshadweep and Dadra & Nagar Haveli and Daman & Diu. Which of the statements given above is/are NOT correct?

  1. State Directorates of Economics and Statistics (DESs) are the primary compilers of State Domestic Product estimates.
  2. District Domestic Product estimates are primarily prepared by allocating State-level estimates to districts using suitable district-wise indicators in sectors where direct district-level data are unavailable.
  3. The Sub-Committee on Regional Accounts under ACNAS has been mandated to review concepts and methodologies for compiling SDP and DDP.
  4. Gross State Value Added (GSVA) estimates under the new 2022-23 series exclude the Union Territories of Lakshadweep and Dadra & Nagar Haveli and Daman & Diu.
  • A. 1 and 2
  • B. 2 and 3
  • C. 3 only
  • D. 4 only

Q12. The Sub-Committee on Regional Accounts, whose recommendations underpin the Uniform Guideline for Compilation of GSVA Estimates with Base Year 2022-23, has been constituted under which one of the following bodies?

  • A. National Statistical Commission (NSC)
  • B. Advisory Committee on National Accounts Statistics (ACNAS)
  • C. Standing Committee on Economic Statistics
  • D. Governing Council of NITI Aayog