Multiple choice general knowledge

The Indian economy is currently the 4th largest economy in world; on which of the following parameters?

  1. Gross National Product (GNP)

  2. Gross Domestic Product (GDP)

  3. Purchasing Power Parity (PPP)

  4. Consumer Price Index (CPI)

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

India ranks 4th globally by Purchasing Power Parity (PPP), which adjusts for cost of living differences across countries. PPP is considered a better measure than nominal GDP for comparing economic output when price levels vary significantly between nations.