Economics · Economy
Consider the following statements regarding Bihar's sustained economic growth and Gross State Domestic Product (GSDP): Statement I: Bihar has experienced notable economic growth over the last two decades, evidenced by improvements in social indicators like education and health. Statement II: The sustained economic growth in Bihar has been accompanied by a substantial decrease in its per capita income. Statement III: Bihar's economy at current prices has expanded 3.5 times, growing from ₹2.47 lakh crore in 2011-12 to an estimated ₹8.54 lakh crore in 2023-24. Statement IV: The estimated GSDP of Bihar at constant (2011-12) prices for 2023-24 is higher than its estimated GSDP at current prices for the same year. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only Statements I and II are correct
- 2Only Statements I and III are correct✓
- 3Only Statements II and IV are correct
- 4Only Statements III and IV are correct
Correct answer
Only Statements I and III are correct
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