MCQOPTIONS
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MCQOPTIONS
This section includes 63 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Economy knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
Net National Product (NNP) of a country is |
| A. | GDP minus depreciation allowances |
| B. | GDP plus net income from abroad |
| C. | GNP minus net income from abroad |
| D. | GNP minus depreciation allowances |
| Answer» E. | |
| 52. |
The growth rate of Per Capita Income at current prices is higher than that of Per Capita Income at constant prices, because the latter takes into account the rate of |
| A. | growth of population |
| B. | increase in price level |
| C. | growth in money supply |
| D. | increase in the wage rate |
| Answer» C. growth in money supply | |
| 53. |
The Per Capita Income in India was 20 in 1867-68 was ascertained for the first time by |
| A. | Dadabhai Naoroji |
| B. | R.C. Dutta |
| C. | M.G. Ranade |
| D. | W. Hunter |
| Answer» B. R.C. Dutta | |
| 54. |
In India, agriculture income is calculated by |
| A. | Output method |
| B. | Input method |
| C. | Expenditure method |
| D. | Commodity flow method |
| Answer» B. Input method | |
| 55. |
The most appropriate measure of a country's economic growth is its |
| A. | Gross Domestic Product |
| B. | Net Domestic Product |
| C. | Net National Product |
| D. | Per Capita Real Income |
| Answer» E. | |
| 56. |
Who wrote a book describing the theory of economic drain of India during British rule? |
| A. | Lala Lajpat Rai |
| B. | Mahatma Gandhi |
| C. | Jawahar Lal Nehru |
| D. | Dadabhai Naoroji |
| Answer» E. | |
| 57. |
Which is not included in the private income arising in a country? |
| A. | Factor income from net domestic product |
| B. | Net factor income from abroad |
| C. | Current transfers from Government |
| D. | Current Payments on foreign loans |
| Answer» E. | |
| 58. |
Which of the following is definitely a major indication of the state of the economy of a country? |
| A. | Rate of GDP growth |
| B. | Rate of inflation |
| C. | Number of Banks in a country |
| D. | Stock of food grains in a country |
| E. | None of these |
| Answer» B. Rate of inflation | |
| 59. |
Which of the following is equivalent to National Income? |
| A. | Gross Domestic Product at market price |
| B. | Net Domestic Product at factor cost |
| C. | Net National Product at market price |
| D. | Net National Product at factor cost |
| Answer» E. | |
| 60. |
Which one of the following is NOT a method of measurement of National Income? |
| A. | Value Added Method |
| B. | Income Method |
| C. | Expenditure |
| D. | Investment Method |
| Answer» E. | |
| 61. |
In terms of economics, the total value of the output (goods and services) produced and income received in a year by a domestic residents of a country put together is called |
| A. | Net National product |
| B. | Gross National Product |
| C. | Gross National Income |
| D. | National Income |
| E. | None of these |
| Answer» C. Gross National Income | |
| 62. |
National Income is based on the |
| A. | total revenue of the State |
| B. | production of goods and services |
| C. | net profit earned and expenditure made by the State |
| D. | the sum of all fraction of income |
| Answer» C. net profit earned and expenditure made by the State | |
| 63. |
Real National income denotes |
| A. | national income at constant prices |
| B. | per capita income |
| C. | national income at current price |
| D. | net factor income |
| Answer» B. per capita income | |