UPSC Prelims Practice Questions — Redefining Growth: India's Revised GDP Estimates and the New Measurement Framework

Q1. The norm that economic indices, including the GDP base year, should be 'rebased' at least once every five years is a recommendation of which one of the following?

  • A. Advisory Committee on National Accounts Statistics
  • B. National Statistical Commission
  • C. Fifteenth Finance Commission
  • D. National Sample Survey Office

Q2. With reference to the new series of GDP estimates released on 27 February 2026, consider the following statements: 1. It adopts 2022-23 as the base year, replacing the 2011-12 base year. 2. Real GDP growth for 2025-26 is estimated at 7.6%. 3. It was released by the National Statistical Office under MoSPI. 4. The back-series data for years prior to 2022-23 was released simultaneously on 27 February 2026. Which of the statements given above is/are NOT correct?

  1. It adopts 2022-23 as the base year, replacing the 2011-12 base year.
  2. Real GDP growth for 2025-26 is estimated at 7.6%.
  3. It was released by the National Statistical Office under MoSPI.
  4. The back-series data for years prior to 2022-23 was released simultaneously on 27 February 2026.
  • A. 1 and 2
  • B. 3 only
  • C. 4 only
  • D. 2 and 4

Q3. The methodology and choice of data sources for the new GDP series with base year 2022-23 were guided by which committee constituted by MoSPI?

  • A. National Statistical Commission
  • B. Advisory Committee on National Accounts Statistics
  • C. Central Statistical Commission
  • D. Standing Committee on Economic Statistics

Q4. Within the Ministry of Statistics and Programme Implementation, which one of the following is the body that actually compiles and releases India's national accounts and GDP estimates?

  • A. National Statistical Commission
  • B. National Statistical Office
  • C. National Sample Survey Office
  • D. Central Statistics Office

Q5. The Advisory Committee on National Accounts Statistics (ACNAS), which guided the 2022-23 base-year revision, was chaired by which one of the following?

  • A. C. Rangarajan
  • B. Biswanath Goldar
  • C. Pronab Sen
  • D. Bibek Debroy

Q6. The MCA21 database, used from the 2011-12 series onwards to estimate the private corporate sector's value added, is maintained by which one of the following?

  • A. Ministry of Statistics and Programme Implementation
  • B. Ministry of Corporate Affairs
  • C. Central Board of Indirect Taxes and Customs
  • D. Ministry of Finance

Q7. The MCA21 corporate filings database, a key administrative input to the new GDP series, covers approximately how many companies?

  • A. Over 1 lakh companies
  • B. Over 5 lakh companies
  • C. Over 10 lakh companies
  • D. Over 50 lakh companies

Q8. India's national accounts, including the new 2022-23 base-year GDP series, are compiled in alignment with which international framework?

  • A. System of National Accounts (SNA) 1993
  • B. System of National Accounts (SNA) 2008
  • C. Government Finance Statistics Manual 2014
  • D. Balance of Payments Manual (BPM6)

Q9. In India's national accounts, GDP at market prices differs from GVA at basic prices by the addition/subtraction of which one of the following?

  • A. Product taxes less product subsidies
  • B. Production taxes less production subsidies
  • C. All indirect taxes less all subsidies
  • D. Net factor income from abroad

Q10. The National Statistical Commission, the apex body concerned with the credibility and governance of India's official statistics, functions under which one of the following?

  • A. Ministry of Finance
  • B. Ministry of Statistics and Programme Implementation
  • C. NITI Aayog
  • D. Ministry of Corporate Affairs