SEO MCQ Question Page

Which statement best explains Nominal GDP?

Practice this MCQ with options, instant answer checking, explanation, exam-wise filters, next/previous navigation and shareable result image.

Question ID #26394 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Indian Economy Sectional Test 2026 Medium

Correct Answer: B. GDP measured at current prices
Nominal GDP: GDP measured at current prices

Question: Which statement best explains Nominal GDP?

A. Market value of final goods and services produced within a country during a given period

B. GDP measured at current prices

C. Systematic record of a country's economic transactions with the rest of the world

D. Mechanism or rate historically used by RBI for absorbing liquidity from banks

Correct Answer: B. GDP measured at current pricesNominal GDP: GDP measured at current prices

Which statement best explains Nominal GDP? - MCQ Explanation

This question is useful for exam preparation because it provides direct multiple-choice practice with options, answer checking and explanation.

Correct answer: B. GDP measured at current prices