MAH LLB 3 Year CET 1 April Shift 2 2026
What does the acronym GSDP stand for in the context of Indian economic indicators?
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Answer: Option C — Gross State Domestic Product
Detailed Solution
GSDP is Gross State Domestic Product: the value of all final goods and services produced within a state in a year.
It is the state-level counterpart of GDP.
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Ask a doubtMore National Income & GDP Questions
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- Q4.GDP evaluated at a set of constant (base-year) prices is called:
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National Income & GDP — Preparation
This question tests your understanding of National Income & GDP, a key topic in the General Knowledge section. The detailed solution above uses a step-by-step approach to show the reasoning, and where available, a shortcut that helps you solve similar questions in under 90 seconds during the actual exam.
This topic covers national income and how it is measured: GDP, GNP, NDP and NNP, measurement at market price and at factor cost, the production, income and expenditure methods, per capita income, base years, and the sectors of the economy (primary, secondary and tertiary). Exam questions test the differences between the measures (GNP = GDP + net factor income from abroad, and NDP = GDP - depreciation), which body estimates national income in India (the National Statistical Office), and which sector contributes the most to India's GDP (the services sector). Dadabhai Naoroji made one of the first estimates of India's national income. Practise the national income and GDP questions below, written in the style of the general awareness sections of exams such as SSC, banking, railways, CUET GAT, MAH CET and CLAT. Each question comes with a detailed explanation that adds related facts, so every question helps you revise more than one point.