UPSC Prelims Practice Questions — Testing times

Q1. With reference to the Provisional Estimates of National Income for 2025-26 released by MoSPI, consider the following statements: Which of the statements given above is/are NOT correct?

  1. Real GDP at constant prices is estimated to grow at 7.7% in 2025-26, higher than 7.1% in 2024-25.
  2. Real GDP in the fourth quarter (January-March) of 2025-26 grew at 7.8%.
  3. Nominal GDP grew at 8.9% in 2025-26.
  4. The new series of GDP estimates released in February 2026 revised the base year from 2011-12 to 2015-16.
  • A. 1 and 3 only
  • B. 2 only
  • C. 4 only
  • D. 3 and 4 only

Q2. In India, the Provisional Estimates of Annual Gross Domestic Product are officially released by which one of the following?

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

Q3. Consider the following statements comparing India's Provisional Estimates of GDP for 2025-26 with the corresponding figures for 2024-25: Which of the statements given above is/are correct?

  1. The new GDP series released in February 2026 shifted the base year from 2011-12 to 2022-23.
  2. Real GDP growth in 2025-26 is estimated to be higher than that in 2024-25.
  3. Growth in Gross Fixed Capital Formation (GFCF) in 2025-26 is estimated to be lower than in 2024-25.
  • A. 1 only
  • B. 1 and 2 only
  • C. 2 and 3 only
  • D. 1, 2 and 3

Q4. In the context of India's National Accounts Statistics, the term 'Gross Fixed Capital Formation' (GFCF) most accurately refers to:

  • A. The total final consumption of goods and services by households and government during the accounting period
  • B. Net additions to the stock of fixed assets (such as machinery, buildings and infrastructure) made by resident producers during the accounting period, excluding changes in inventories
  • C. The aggregate gross value added by all producing units, valued at basic prices, before adding net product taxes
  • D. The total value of capital goods imported, net of capital goods exported, in a financial year

Q5. According to the Provisional Estimates released by MoSPI in May 2026, India's Real GDP at constant prices in 2025-26 (with base year 2022-23) is estimated at approximately:

  • A. ₹294.40 lakh crore
  • B. ₹299.89 lakh crore
  • C. ₹323.12 lakh crore
  • D. ₹346.36 lakh crore