Civil Services WBCS (Executive) Prelims + Mains Mock Tests 2025 Current Affairs Business and Economy
Consider the following statements regarding the components of GDP in India:
1. Gross Fixed Capital Formation (GFCF) has hovered around 28% to 30% of nominal GDP in the last five years.
2. Private Final Consumption Expenditure (PFCE) has consistently declined over the last five years.
3. Government Final Consumption Expenditure (GFCE) has steadily increased in the last five years.
Which of the statements given above is/are correct?
1
1 only
2
2 and 3 only
3
1 and 3 only
4
1, 2, and 3