Q2.Per capita income is obtained by dividing national income by
Anonymous Quiz
68%
(a) total population of the country
23%
(b) total working population
7%
(c) area of the country
3%
(d) volume of the capital used
Q4.Depreciation is equal to
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56%
(a) GNP – NNP
19%
(b) NNP – GNP
14%
(c) GNP – Personal Income
12%
(d) Personal Income – Personal Taxes
Q5.Which one of the following is not a method of measurement of National
income?
income?
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19%
(a) Value Added Method
19%
(b) Income Method
16%
(c) Expenditure Method
47%
(d) Investment Method
Q1.Net National Product (NNP) of a country is
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17%
(a) GDP minus depreciation allowances
28%
(b) GDP plus net income from abroad
31%
(c) GNP minus net income from abroad
25%
(d) GNP minus depreciation allowances
Q2.National income is based on the
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5%
(a) total revenue of the state
34%
(b) production of goods and services
18%
(c) net profit earned and expenditure made by the state
42%
(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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66%
(a) Rate of GDP growth
11%
(b) Rate of inflation
20%
(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
Anonymous Quiz
14%
(a) Net National Product
50%
(b) Gross National Product
17%
(c) Gross National Income
19%
(d) National income
Q5.Which of the following is equivalent to National income?
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32%
(a) GDP at market price
25%
(b) NDP at factor cost
23%
(c) NNP at market price
20%
(d) NNP at factor cost
Q1.Which sector of the Indian economy contributes largest to the GDP?
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13%
(a) Primary sector
32%
(b) Secondary sector
55%
(c) Tertiary sector
0%
(d) Public sector
Q2.National Income estimates in India are prepared by
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13%
(a) Planning Commission
18%
(b) Reserve Bank of India
59%
(c) Central Statistical Organisation
10%
(d) Indian Statistical Institute
Q3.The main source of National income in India is
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57%
(a) service sector
26%
(b) agriculture
17%
(c) industrial sector
0%
(d) trade sector
Q4.Who estimated national income in India first?
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53%
(a) Dadabhai Naoroji
19%
(b) R.C. Dutt
19%
(c) V.K. R.V. Rao
9%
(d) D.R. Gadgil
Q5.The National Income of a country is
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26%
(a) the annual revenue of the government
50%
(b) sum total of factor incomes
10%
(c) surplus of PSU’S
14%
(d) export minus import
Q1.The most appropriate measure of a country’s economic growth is its
Anonymous Quiz
38%
(a) Gross Domestic Product
21%
(b) Net Domestic Product
21%
(c) Net National Product
21%
(d) Per capita real income
Q2.The existence of a parallel economy or black money
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9%
(a) makes the economy more competitive
71%
(b) makes the monetary policies less effective
20%
(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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3%
(a) Gandhian state
56%
(b) Industrial state
26%
(c) Socialist state
15%
(d) Welfare state
Q4.In free economy, inequalities in income is due to
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8%
(a) free competition
37%
(b) private property and inheritance
50%
(c) differences in the marginal productivity of labour
5%
(d) private property only