MCQ on National Income. We covered all the MCQs on National Income in this post for free so that you can practice well for the exam.
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The objective of National Income for Students
Which of the following is called GDP Deflator?
(a) Ratio of nominal to real GDP
(b) Ratio of nominal to real GNP
(c) Ratio of nominal to real CPI
(d) Ratio of real to nominal GNP
Option a – Ratio of nominal to real GDP
From which of the following, is the GDP of a country not derived from?
(a) Agricultural sector
(b) Industrial sector
(c) International sector
(d) Service sector
Option c – International sector
Which of the following institutions estimates the national income of India?
(a) The Central Statistical Office
(b) The National Sample Survey Office
(c) The Reserve Bank of India
(d) The Government of India
Option a – The Central Statistical Office
Which one of the following statements is correct with respect to the composition of national income in India?
(a) The share of the manufacturing sector has declined.
(b) The share of the services sector has increased sharply.
(c) The share of agriculture has remained static.
(d) The share of the services sector has declined.
Option b – The share of the services sector has increased sharply
Which of the following methods is not used in determining the National Income of a country?
(a) Income Method
(b) Output Method
(c) Input Method
(d) Investment Method
Option b – Output Method
Gross Domestic Product is the monetary value of:
(a) stock of goods and services
(b) all final goods and services produced in a year
(c) goods produced for the market only
(d) goods produced for the market and for self-consumption
Option c – goods produced for the market only
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