GDP, GNP - GS questions based on daily current affairs

1)   Which of the following countries have more public expenditure than India in terms of percentage of their GDP?

1) Sri Lanka
2) Bangladesh
3) United States of America


a. 2, 3
b. 1, 3
c. 1, 2
d. All of the above
Answer  Explanation 

ANSWER: 1, 3

Explanation:

  • India spends about 1.16% of its GDP.
  • Sri Lanka spends 1.21% and USA 7.99%.
  • Bangladesh spends 1.12%. Pakistan spends 1.03%