Economics · National Income Accounts and Trade
Consider the following statements: I. The First Advance Estimates (FAE) of GDP are compiled and released by the Reserve Bank of India and serve as the basis for calculating key ratios in the Union Budget. II. Tariffs imposed by trading partners on labor-intensive Indian exports can directly affect India's GDP by influencing the external demand for goods. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None
- 2Both I and II
- 3Only II✓
- 4Only I
Correct answer
Only II
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