Q. Which of the following statement/s is/are correct about Bihar’s economic performance in 2023-24?
a) Bihar’s per capita GSDP at current prices increased by 12.8% in 2023-24 over the previous year.
b) The estimated share of the tertiary sector in Bihar’s GSVA (constant prices) in 2023-24 was 58.6%.
c) The Gross Fixed Capital Formation (GFCF) formed 4.6% of GSDP at current prices in 2023-24.
d) More than one of the above.
Correct Answer : d) More than one of the above.
Question from BPSC PT 71, 2025
Correct Answer: d) More than one of the above.
Explanation:
– a) Correct. Official estimates show Bihar’s per capita GSDP at current prices increased by about 12.8% in 2023-24 over 2022-23.
– b) Correct. The tertiary (services) sector’s estimated share in Bihar’s GSVA at constant prices in 2023-24 is about 58.6%.
– c) Incorrect. Gross Fixed Capital Formation (GFCF) as a share of GSDP is much higher than 4.6%. The 4.6% figure aligns with the state government’s capital outlay-to-GSDP ratio, not total GFCF.
