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Questions and Answers
Which of the following states border Karnataka to the east?
Which of the following states border Karnataka to the east?
- Maharashtra and Goa
- Andhra Pradesh and Telangana (correct)
- Tamil Nadu and Kerala
- None of the above
Which of the following options accurately describes the state of Karnataka's urbanization over the past decade? (Select all that apply)
Which of the following options accurately describes the state of Karnataka's urbanization over the past decade? (Select all that apply)
- The state has witnessed a decrease of 4.68% in the proportion of urban population.
- Karnataka has a larger proportion of its population living in urban areas compared to the national average. (correct)
- Karnataka has experienced a steady increase in urbanization with an increase of 4.68% in the proportion of urban population. (correct)
- The state's rural population has been declining in recent years.
Gross State Domestic Product (GSDP) is a key indicator that helps measure economic growth within a state.
Gross State Domestic Product (GSDP) is a key indicator that helps measure economic growth within a state.
True (A)
In the fiscal year 2023-24, what is the projected growth rate of GSDP in Karnataka at constant (2011-12) prices?
In the fiscal year 2023-24, what is the projected growth rate of GSDP in Karnataka at constant (2011-12) prices?
What is the expected GSDP of Karnataka in the fiscal year 2023-24 at current prices?
What is the expected GSDP of Karnataka in the fiscal year 2023-24 at current prices?
The GSDP of Karnataka is anticipated to grow at a faster rate in 2023-24 than the national GDP at constant (2011-12) prices.
The GSDP of Karnataka is anticipated to grow at a faster rate in 2023-24 than the national GDP at constant (2011-12) prices.
Which of these sectors is projected to have the highest growth rate in Karnataka in 2023-24 at constant (2011-12) prices?
Which of these sectors is projected to have the highest growth rate in Karnataka in 2023-24 at constant (2011-12) prices?
The growth rate of Karnataka's GSDP at current prices has always been higher than the all-India growth rate in recent years.
The growth rate of Karnataka's GSDP at current prices has always been higher than the all-India growth rate in recent years.
Which sector is expected to see the lowest growth rate in 2023-24 at constant (2011-12) prices based on the Advance Estimates?
Which sector is expected to see the lowest growth rate in 2023-24 at constant (2011-12) prices based on the Advance Estimates?
Which of these options accurately reflects the anticipated growth of Karnataka's GSDP at constant (2011-12) prices in 2023-24?
Which of these options accurately reflects the anticipated growth of Karnataka's GSDP at constant (2011-12) prices in 2023-24?
Which of these sectors has the highest contribution to GSDP in 2023-24 at current prices?
Which of these sectors has the highest contribution to GSDP in 2023-24 at current prices?
What is the anticipated percentage of GDP contribution by Karnataka for the fiscal year 2023-24?
What is the anticipated percentage of GDP contribution by Karnataka for the fiscal year 2023-24?
What is the difference between GSDP and NSDP? Explain briefly.
What is the difference between GSDP and NSDP? Explain briefly.
During 2023-24, which of the following sectors is expected to have the highest growth rate of NSVA at current prices?
During 2023-24, which of the following sectors is expected to have the highest growth rate of NSVA at current prices?
At constant (2011-12) prices, what is the projected NSDP of Karnataka in the fiscal year 2023-24?
At constant (2011-12) prices, what is the projected NSDP of Karnataka in the fiscal year 2023-24?
The NSDP of Karnataka is anticipated to grow lower than the GSDP at current prices in 2023-24.
The NSDP of Karnataka is anticipated to grow lower than the GSDP at current prices in 2023-24.
In the year 2023-24 at constant (2011-12) prices, which of the following sectors is anticipated to have the lowest NSVA growth rate?
In the year 2023-24 at constant (2011-12) prices, which of the following sectors is anticipated to have the lowest NSVA growth rate?
The projected per capita income of Karnataka in 2023-24 is higher than the all-India per capita income.
The projected per capita income of Karnataka in 2023-24 is higher than the all-India per capita income.
What is the estimated per capita income of Karnataka in 2023-24?
What is the estimated per capita income of Karnataka in 2023-24?
Which state has the highest per capita income in India based on the data for 2022-23?
Which state has the highest per capita income in India based on the data for 2022-23?
What is the rank of Karnataka in terms of per capita income among selected states in India for 2022-23?
What is the rank of Karnataka in terms of per capita income among selected states in India for 2022-23?
The district domestic product estimates for 2022-23 are readily available for all sectors, including Primary, Secondary and Tertiary sectors.
The district domestic product estimates for 2022-23 are readily available for all sectors, including Primary, Secondary and Tertiary sectors.
Which district contributes the highest percentage to GSDP in Karnataka for the year 2022-23 based on current prices?
Which district contributes the highest percentage to GSDP in Karnataka for the year 2022-23 based on current prices?
What is the per capita income of Bengaluru Urban District in 2022-23?
What is the per capita income of Bengaluru Urban District in 2022-23?
According to the data for 2022-23, what is the district with the lowest per capita income?
According to the data for 2022-23, what is the district with the lowest per capita income?
The level of inter-district variation in Karnataka is higher when Bengaluru Urban District is excluded from the calculation.
The level of inter-district variation in Karnataka is higher when Bengaluru Urban District is excluded from the calculation.
A low coefficient of variation in the Gross District Domestic Product signifies a high level of economic disparity between districts.
A low coefficient of variation in the Gross District Domestic Product signifies a high level of economic disparity between districts.
Which revenue region in Karnataka is seen to have the lowest per capita income based on the data for 2022-23?
Which revenue region in Karnataka is seen to have the lowest per capita income based on the data for 2022-23?
What are the two main inflation indices commonly used in India?
What are the two main inflation indices commonly used in India?
During which period does the All India Wholesale Price Index (WPI) show an increase in its inflation rate in 2023-24 based on the data collected by the Indian government?
During which period does the All India Wholesale Price Index (WPI) show an increase in its inflation rate in 2023-24 based on the data collected by the Indian government?
Based on the data for the month of November 2023, what is the annual inflation rate based on the All India Wholesale Price Index?
Based on the data for the month of November 2023, what is the annual inflation rate based on the All India Wholesale Price Index?
What is the base year for the Wholesale Price Index in India?
What is the base year for the Wholesale Price Index in India?
The Wholesale Price Index (WPI) in India only includes commodities and does not cover services.
The Wholesale Price Index (WPI) in India only includes commodities and does not cover services.
Which of the following is used as a primary source of data for constructing the Wholesale Price Index for 33 Agricultural Commodities in Karnataka?
Which of the following is used as a primary source of data for constructing the Wholesale Price Index for 33 Agricultural Commodities in Karnataka?
The Consumer Price Index (CPI) measures changes in the retail prices of goods and services.
The Consumer Price Index (CPI) measures changes in the retail prices of goods and services.
Which of the following is the main target group for the Consumer Price Index for Industrial Workers (CPI-IW)?
Which of the following is the main target group for the Consumer Price Index for Industrial Workers (CPI-IW)?
What is the base year for the Consumer Price Index for Industrial Workers (CPI-IW) in India, as of September 2020?
What is the base year for the Consumer Price Index for Industrial Workers (CPI-IW) in India, as of September 2020?
The Consumer Price Index for Agricultural Labourers (CPI-AL) is constructed and released by the Labour Bureau, Shimla.
The Consumer Price Index for Agricultural Labourers (CPI-AL) is constructed and released by the Labour Bureau, Shimla.
The Rural Retail Price Index (RRPI) in Karnataka is based on prices collected from 32 selected urban centers.
The Rural Retail Price Index (RRPI) in Karnataka is based on prices collected from 32 selected urban centers.
What is the primary goal of the Karnataka government's economic strategy for the future based on the information provided?
What is the primary goal of the Karnataka government's economic strategy for the future based on the information provided?
The Karnataka government has established a dedicated committee to review and recommend measures regarding GSDP estimation.
The Karnataka government has established a dedicated committee to review and recommend measures regarding GSDP estimation.
Flashcards
Gross State Domestic Product (GSDP)
Gross State Domestic Product (GSDP)
The total economic value of all goods and services produced within a state in a specific period, usually a financial year. It's a key measure of a state's economic growth.
GSDP (2023-24)
GSDP (2023-24)
Karnataka's estimated GSDP for the 2023-2024 financial year is ₹25,00,733 crore.
GSDP Growth Rate (2023-24)
GSDP Growth Rate (2023-24)
Karnataka's anticipated GSDP growth rate for the 2023-2024 fiscal year is 10.2% at current prices and 6.6% at constant (2011-12) prices.
GDP
GDP
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Karnataka's Share of All India GDP (2023-24)
Karnataka's Share of All India GDP (2023-24)
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State Income
State Income
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Aggregate State Income
Aggregate State Income
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Per Capita State Income
Per Capita State Income
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Wholesale Prices
Wholesale Prices
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Retail Prices
Retail Prices
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District Income Estimates
District Income Estimates
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Study Notes
Karnataka State Income, Prices & Inflation
- Karnataka is a diverse state in southern India, with a population of 610,95,297 (5.05% of India's population) and an area of 1,91,791 sq. km (5.83% of India's area).
- Karnataka's urbanization rate has increased by 4.68% in the last decade, with 38.67% of the population living in urban areas.
- GSDP (Gross State Domestic Product) is the key indicator of economic growth in the state.
- GSDP for 2023-24 is estimated at Rs. 25,00,733 crore (current prices), projected to grow at 10.2%.
- In constant (2011-12) prices, GSDP is estimated at Rs. 14,23,229 crore, with a projected growth of 6.6%.
- Karnataka's GSDP share of India's GDP is 8.4% in 2023-2024.
- In 2023-24, Karnataka's GSDP is expected to grow at 6.6%, whereas India's GDP is expected to grow at 7.3% (constant 2011-12 prices).
- GSDP growth rate at current prices has been consistently higher than India's growth rate across the analysis period except for 2017-18, 2022-2023, and 2023-2024.
Gross State Domestic Product (GSDP)
- GSDP is the total value of goods and services produced within a state’s boundaries in a given period.
- GSDP data is used in state planning and development.
- GSDP and its per capita variations across districts are analyzed to measure the state’s economic standing and growth.
- Factors of production like Agriculture, Industry, and Services contribute to the GSDP.
Comparison of Karnataka's GSDP and India's GDP
- In 2023-24, Karnataka's GSDP growth is anticipated to be lower than India’s GDP growth rate at constant prices.
- But at current prices, Karnataka's growth is higher than India's.
- Historical data of GSDP growth rates is presented in tables to show the difference between Karnataka's and India's rates across the years.
Sectoral Composition of GSDP
- Agriculture's contribution (2023-24) to GSDP is 13.04% compared to 13.66% in the previous year.
- Industry's contribution (2023-24) is 20.24% compared to 20.92% in the previous year.
- Services, with 66.72% in 2023-24, is the largest contributor compared to 65.41% in the previous year (2022-23).
- Real estate, professional services, and ownership of dwellings saw the highest contribution to GSDP.
Per Capita Income
- Karnataka's per capita income is calculated by dividing the state's NSDP (Net State Domestic Produce) by the state population.
- Projected per capita income (2023-24) is higher than the All India per capita income, with growth in 2023-24 at 9.3%
- Data and trends of per capita income are presented for comparison.
Price Inflation Analysis(WPI and CPI)
- Wholesale Price Index (WPI) reflects bulk commodity prices.
- Consumer Price Index (CPI) reflects retail prices of goods and services for specific populations.
- WPI and CPI growth rate data is given for 2022-2023 and 2023-2024 to analyze price trends
- Wholesale and Retail Price indices are analyzed to understand price trends and variations.
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Description
Explore the economic trends, urbanization, and GSDP statistics of Karnataka for the year 2023-24. This quiz delves into the state's growth indicators, comparing them with national averages and examining the implications of inflation and pricing. Test your knowledge on Karnataka's economic landscape.
