Q1.Net National Product (NNP) of a country is
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18%
(a) GDP minus depreciation allowances
29%
(b) GDP plus net income from abroad
29%
(c) GNP minus net income from abroad
24%
(d) GNP minus depreciation allowances
Q2.National income is based on the
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7%
(a) total revenue of the state
32%
(b) production of goods and services
20%
(c) net profit earned and expenditure made by the state
41%
(d) the sum of all factors of income
Q3.Which of the following is definitely a major indication of the state of the
economy of a country?
economy of a country?
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65%
(a) Rate of GDP growth
11%
(b) Rate of inflation
22%
(c) Number of banks in a country
3%
(d) None of these
Q4.In terms of economics, the total value of the output (goods and services)
produced and income received in a year by a domestic resident of a country put
together is called
produced and income received in a year by a domestic resident of a country put
together is called
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13%
(a) Net National Product
49%
(b) Gross National Product
18%
(c) Gross National Income
21%
(d) National income
Q5.Which of the following is equivalent to National income?
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30%
(a) GDP at market price
23%
(b) NDP at factor cost
26%
(c) NNP at market price
21%
(d) NNP at factor cost
Q1.Which sector of the Indian economy contributes largest to the GDP?
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12%
(a) Primary sector
32%
(b) Secondary sector
56%
(c) Tertiary sector
0%
(d) Public sector
Q2.National Income estimates in India are prepared by
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12%
(a) Planning Commission
19%
(b) Reserve Bank of India
60%
(c) Central Statistical Organisation
9%
(d) Indian Statistical Institute
Q3.The main source of National income in India is
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56%
(a) service sector
27%
(b) agriculture
18%
(c) industrial sector
0%
(d) trade sector
Q4.Who estimated national income in India first?
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52%
(a) Dadabhai Naoroji
20%
(b) R.C. Dutt
20%
(c) V.K. R.V. Rao
9%
(d) D.R. Gadgil
Q5.The National Income of a country is
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27%
(a) the annual revenue of the government
51%
(b) sum total of factor incomes
9%
(c) surplus of PSU’S
13%
(d) export minus import
Q1.The most appropriate measure of a country’s economic growth is its
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38%
(a) Gross Domestic Product
21%
(b) Net Domestic Product
21%
(c) Net National Product
19%
(d) Per capita real income
Q2.The existence of a parallel economy or black money
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8%
(a) makes the economy more competitive
70%
(b) makes the monetary policies less effective
22%
(c) ensure a better distribution of income and wealth
0%
(d) ensure increasing productive investment
Q3.The philosophy of ‘Laissez-Faire’ is associated with
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2%
(a) Gandhian state
53%
(b) Industrial state
30%
(c) Socialist state
14%
(d) Welfare state
Q4.In free economy, inequalities in income is due to
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7%
(a) free competition
37%
(b) private property and inheritance
51%
(c) differences in the marginal productivity of labour
5%
(d) private property only
Q1.Among Indian economists, who had done pioneering work on National Income?
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6%
(a) P. N Dhar
18%
(b) Prof. Shenoi
74%
(c) V. K. R. V Rao
3%
(d) Jagdish Bhagwati
Q2.One of the problems in calculating the national income in India currently is
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22%
(a) under-employment
16%
(b) inflation
59%
(c) non-monetised consumption
3%
(d) low savings
Q3.Why is demographic dividend likely to be manifested in India in future?
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21%
(a) Population in the age group between 8-15 years is likely to increase
24%
(b) Population of children below 7 years is likely to increase
53%
(c) Population in the age group of 15-64 years is likely to increase
3%
(d) opulation in the age group above 65 years is likely to increase
Q4.Which one of the following is not a feature of India’s economic planning?
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25%
(a) imperative planning
40%
(b) limited centralisation
30%
(c) democratic socialism
5%
(d) indicative planning
Q5.What does the term ‘Green shoots’ represent in an Economy?
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39%
(a) signs of growth of agriculture sector in a growing economy
42%
(b) signs of economic recovery during an economy downturn
17%
(c) signs of growth of agriculture sector in a declining economy
3%
(d) signs of economic decline in a developed economy