RAS question
What is the NSDP of Rajasthan at current prices for 2024-25?
Correct answer: (B) ₹15.25 lakh crore.
Rajasthan's Net State Domestic Product at current prices for 2024-25 is likely to attain ₹15.25 lakh crore.
Explanation
Rajasthan's NSDP at current prices refers to the net value of the state's domestic output measured at the prices prevailing in that year. The Economic Review 2024-25 gives the 2024-25 figure as an advance estimate: nominal NSDP at current prices is likely to reach ₹15.25 lakh crore. It also states that this is up from ₹13.59 lakh crore in 2023-24, implying growth of 12.23 per cent in 2024-25. The keyword in the question is NSDP, not GSDP: GSDP is the gross measure, while the cited NSDP figure is the net domestic product figure used here.
Why the other options are wrong
- (A) ₹13.59 lakh crore is the NSDP at current prices for 2023-24, not the 2024-25 advance estimate.
- (C) ₹12.10 lakh crore belongs to the earlier 2022-23 NSDP figure, so it does not answer the 2024-25 current-prices question.
- (D) ₹17.04 lakh crore is the 2024-25 GSDP at current prices, whereas the question asks for NSDP.
Concept
This tests Rajasthan state income aggregates, especially the distinction between GSDP and NSDP at current prices. Such figures recur in RAS because Economic Review data are a standard source for economy questions.