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Which statement best explains GVA?

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Question ID #26392 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Indian Economy Sectional Test 2026 Medium

Which statement best explains GVA?

Correct Answer: D. Value of output minus intermediate consumption generated by producers
GVA: Value of output minus intermediate consumption generated by producers

Question: Which statement best explains GVA?

A. Share of a bank's net demand and time liabilities maintained as cash balance with RBI

B. GDP measured at current prices

C. External reserve assets held by the central bank

D. Value of output minus intermediate consumption generated by producers

Correct Answer: D. Value of output minus intermediate consumption generated by producersGVA: Value of output minus intermediate consumption generated by producers

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Which statement best explains GVA? - MCQ Explanation

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Correct answer: D. Value of output minus intermediate consumption generated by producers