What has been the share of the ‘food, beverages and tobacco’ in the private final consumption…
Economic Survey 2012–13, chapter 1, table 1.4 reports food, beverages and tobacco at 31.2% of private final consumption expenditure in 2011–12. The closest approximate…
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What has been the share of the ‘food, beverages and tobacco’ in the private final consumption expenditure in India in the recent years ?
Answer and explanation
Correct answer B
Economic Survey 2012–13, chapter 1, table 1.4 reports food, beverages and tobacco at 31.2% of private final consumption expenditure in 2011–12. The closest approximate option is 33%, about one-third. The alternatives 25%, 45% and 56% do not match the contemporary series. The initial 45% recollection was incorrect.
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UGC NET Economics