The Central Statistics Office (CSO) of the Government of India has been reporting the GDP at factor cost and at market prices. In its revision in January, 2015 the CSO replaced GDP at factor cost with __________ Option 1: National Domestic Product at Factor Cost Option 2: Gross Domestic Product at Market Price Option 3: Gross National Product at Factor Cost Option 4: Gross Value Added at Basic Prices

The answer is 'Gross Value Added at Basic Prices'. View full solution:

CUET Economics - The Central Statistics Office (CSO) of the Government of India has been reporting the GDP at factor cost and at market prices. In its revision in January, 2015 the CSO replaced GDP at factor cost with __________ | PYQs + Solutions

CUET Economics 2026 15th May Shift 1

Macro

Medium

National Domestic Product at Factor Cost

Gross Domestic Product at Market Price

Gross National Product at Factor Cost

Gross Value Added at Basic Prices

✅ Correct Option: 4