Question
Which of the following is the correct full form of GDFCF?
This question was previously asked in
RRB NTPC 2019 CBT 1 Question Paper PDF (31-Jan-2021) (Shift 1)
The correct answer is
Gross Domestic Fixed Capital Formation
GDFCF Full Form Explained
The question asks for the correct expansion of the acronym GDFCF.
Understanding GDFCF
GDFCF stands for Gross Domestic Fixed Capital Formation. Let's break it down:
- G stands for Gross: Total amount before deductions.
- D stands for Domestic: Relating to the country's internal economy.
- F stands for Fixed: Refers to fixed assets like buildings and machinery.
- C stands for Capital: Refers to assets used in production.
- F stands for Formation: The process of creating or adding to these assets.
Correct Full Form
Therefore, the correct full form is Gross Domestic Fixed Capital Formation.
Analysis of Options
- Option 1: Gross Domestic Fixed Currency Formation - Incorrect.
- Option 2: Gross Development Funding Capital Formation - Incorrect.
- Option 3: Gross Domestic Fixed Capital Formation - Correct.
- Option 4: Gross Development on Fixed Capital Formation - Incorrect.
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