Pariksha Vol 3 (National Income and Related matters)

  1. In 2011-2012, the GNP is 10,00,000 million, the income (including tax on such incomes) received and paid 60,000 million, and 70,000 million respectively, then, the GDP in 2010-2011 would be:
  1. 790,000
  2. 990,000
  3. 10,10,000
  4. 10,00,000
  5. None of the above

2. Which of the factors are not included while calculating Gross National Product?

  1. Personal Consumption Expenditure
  2. Gross Private Investment
  3. Government Expenditure
  4. Net Exports
  5. All the above are included

3. In India, National Income is also known as ?

  1. GDP at factor cost
  2. GDP at Market price
  3. GNP at factor cost
  4. NNP at factor cost
  5. NNP at market price

4. ………………….includes total value of goods and services produced within the country, together with its income received from other countries less income paid to other countries.

  1. Gross Domestic Product
  2. Gross National Income
  3. Net Domestic Product
  4. Net National Product

 5. …………………=NNP at market price – Net Factor Income from Abroad – Net Indirect Taxes.

  1. GNP at market price
  2. NNP at factor cost
  3. NDP at factor cost
  4. NDP at market price
  5. None of the above

6. The difference between personal income and disposable income is?

  1. Indirect taxes
  2. Subsidies
  3. Direct taxes
  4. Consumption
  5. None of the above

7. Aggregate of money value of the annual flow of final goods and services in the economy during a given period is called as ………….

  1. GDP
  2. GNP
  3. GNI
  4. National Income
  5. None of the above

8. The first attempt to calculate National income of India was made by ?

  1. Prof. V.K.R Rao
  2. Dadabhai Naroji 
  3. Prof.P.C.Mahalnobis
  4. Dr. B. R. Ambedkar
  5. None of the above

9. Which organisation has been entrusted the responsibility to calculate national income of India ?

  1. NSSO
  2. CSO
  3. RBI
  4. ISI
  5. None of the above

10. Which among the options is not a method of GDP computation?

  1. Income Method
  2. Cost Method
  3. Expenditure Method
  4. Product Method
  5. All of the above are methods of GDP calculation

11. Factors of production are?

  1. Land, Labour and Capital
  2. Land, Labour, Capital and Entrepreneur
  3. Asset, Machineries and Money
  4. Land, Labour and Money
  5. None of the above

12. If other factors are stable what impact the rise in exports vis-à-vis imports will have on National Income of a country?

  1. It will increase
  2. It will decrease
  3. No impact
  4. It will have a limited change
  5. None of the above

13. In India, the advance estimates of National income are released on a periodic basis. These estimates are calculated through which method?

  1. Key Indicator
  2. Benchmark Indicator
  3. Waterfall
  4. Interpolation
  5. None of the above

14. As per the second advance estimates released by CSO, the growth of GDP during the year 2019-20 is estimated at what level?

  1. 5%
  2. 6.1%
  3. 3.4%
  4. 8%
  5. None of the above

15. Identify the existing base year for calculation of GDP in India?

  1. 2010-11
  2. 2012-13
  3. 2018-19
  4. 2017-18
  5. None of the above

16. As per World Economic Outlook report (April 2020), the real GDP growth rate of India in the year 2020 is expected at?

  1. 2%
  2. 1.2%
  3. 2.3%
  4. 1.9%
  5. 1%

17. As per World Economic Outlook report (April 2020), which region of the world is expected to see the highest growth rate?

  1. East Asia
  2. South Asia
  3. South East Asia
  4. Africa
  5. Pacific islands

18. World Economic Outlook Report is published by which organisation?

  1. OECD
  2. World Bank
  3. ICD
  4. IMF
  5. BIS

19. As per the latest report by CRISIL, India is likely to have a growth rate of ….%  during the year 2020-21?

  1. 1.5%
  2. 1.6%
  3. 1.8%
  4. 1.9%
  5. 1.7%

20. The Global Economic Prospects report released in January 2020 has indicated the global growth rate to be at 2.5% during the year 2020. This report is published by which organisation?

  1. IMF
  2. BIS
  3. World Bank
  4. IDA
  5. OECD

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