As per Indian practices of national accounting, nominal gross domestic product (GDP) is inflation-adjusted to arrive at real GDP.

The following statements are correct regarding the new Integrated Food Security Scheme of the Government of India.

A. This New Integrated Food Security Scheme has been started from 1 January 2023.
 B. The Government of India targeted to supply food grains to more than 80 crore beneficiaries under the National Food Security Act.

1. The Reserve Bank of India was nationalized on January 1, 1949.

2. Earlier, the Reserve Bank of India was a privately owned bank, established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934.

2. After India's independence on 15 August 1947, RBI was nationalized on 1 January 1949.

4. After nationalization, the Reserve Bank of India came under the complete ownership of the Government of India.

1. Of the following, Goods and Services Tax is an indirect tax.

2. There are many types of indirect taxes, which include service tax, excise duty, customs duty and VAT.

3. GST has simplified the indirect tax system.

1. Gross Domestic Product (GDP) is the standard measure of value added created through the production of goods and services in a country during a given period.

2. It also measures the income earned from that production or the total amount spent on final goods and services (less imports).

1. The Reserve Bank of India introduced a comprehensive regulatory framework for NBFC-MFIs on 2 December 2011.

1. Bombay Stock Exchange is the oldest stock exchange in Asia, and also the tenth oldest stock exchange in the world.

2. The Bombay Stock Exchange became the first stock exchange in India to issue commodity derivative contracts in gold and silver.