Which of the following statement/s is/are correct about Bihar's economic performance in 2023-24?

Question

Which of the following statement/s is/are correct about Bihar's economic performance in 2023-24?

1. A. Bihar's per capita GSDP at current prices increased by 12.8% in 2023-24 over the previous year.
2. B. The estimated share of the tertiary sector in Bihar's GSVA (constant prices) in 2023-24 was 58.6%.
3. C. The Gross Fixed Capital Formation (GFCF) formed 4.6% of GSDP at current prices in 2023-24.
4. D. More than one of the above (Correct answer)

Correct Answer

Option D — More than one of the above

Detailed Solution & Explanation

The correct answer is More than one of the above.

Key Points

• More than one statement about Bihar's economic performance in 2023-24 is correct, so option (D) is the answer.
• The figures come from the Bihar Economic Survey, tabled annually in the state legislature by the Finance Department.
• Key features of Bihar's economy worth remembering: the state has recorded among the highest GSDP growth rates in India in recent years, yet its per capita income remains the lowest among major states — roughly a third of the national average.
• The tertiary (services) sector dominates the state's Gross State Value Added (GSVA), contributing the largest share, followed by the primary and secondary sectors.
• Gross Fixed Capital Formation (GFCF) is the standard measure of investment in the economy.

Exam Tip

• for BPSC, always revise the latest Bihar Economic Survey — growth rate, per capita income, sectoral shares and their ranking are asked almost every year.

प्रश्न (हिन्दी में)

2023-24 में बिहार के आर्थिक प्रदर्शन के बारे में निम्नलिखित में से कौन–सा/से कथन सही है/हैं?

1. A. मौजूदा कीमतों पर बिहार की प्रति व्यक्ति जीएसडीपी पिछले वर्ष की तुलना में 2023-24 में 12.8% बढ़ी
2. B. 2023-24 में बिहार के जीएसवीए (स्थिर मूल्य) में तृतीयक क्षेत्र की अनुमानित हिस्सेदारी 58.6% थी
3. C. सकल स्थायी पूंजी निर्माण (जीएफसीएफ) 2023-24 में वर्तमान मूल्यों पर जीएसडीपी का 4.6% था।
4. D. उपरोक्त में से एक से अधिक