Which of the following statement/statements is/are valid regarding the socio-economic status of Andhra Pradesh?

I. Andhra Pradesh won the Best State Award of ICAR National Research Center for Banana (NRCB) for export promotion.

II. Andhra Pradesh GSDP growth rate has been registering a decline in recent times owing to repeated lower returns in certain sub-sectors of the Service Sector.

III. For the FY 2024 25, the Revenue Deficit is budgeted higher than the Fiscal Deficit in terms of percentage of Andhra Pradesh GSDP.

IV. The technology used by the Government of Andhra Pradesh while conducting resurvey of landholdings is referred to as 'Continuously Operating Reference Stations (CORS)' technology.

Select the correct answer using the codes given below:

Key Points

• Andhra Pradesh won the Best State Award of ICAR National Research Center for Banana (NRCB) for its remarkable efforts in export promotion.
• Andhra Pradesh has been utilizing Continuously Operating Reference Stations (CORS) technology while conducting resurvey of landholdings, ensuring precise and real-time data collection.
• This technology involves a network of fixed GPS stations that provide accurate location data, crucial for efficient land surveys.
• The recognition by NRCB highlights Andhra Pradesh's commitment to enhancing its agricultural export capabilities, particularly in the banana sector.

Additional Information

• Gross State Domestic Product (GSDP)
  • GSDP is a measure of the economic output of a state, similar to GDP at the national level.
  • It reflects the monetary value of all goods and services produced within the state in a given period.
  • A declining GSDP growth rate can indicate economic challenges, such as lower returns in specific sectors.
• Fiscal Deficit and Revenue Deficit
  • Fiscal Deficit occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings.
  • Revenue Deficit is the excess of government expenditure over revenue receipts, indicating that the government's income is insufficient to cover its operational expenses.
  • A higher Revenue Deficit compared to Fiscal Deficit suggests significant operational shortfalls, impacting overall financial stability.
• Continuously Operating Reference Stations (CORS)
  • CORS are a network of GPS stations that provide accurate positional data.
  • This technology is used for high-precision land surveys, infrastructure development, and various geospatial applications.
  • By continuously monitoring satellite signals, CORS enhances the accuracy of location data, crucial for land management and planning.