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National Income is Expressed on mcq. We covered all the National Income is Expressed on mcq in this post for free so that you can practice well for the exam.
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National Income is Expressed on mcq for Students
Which measure best reflects a country’s economic growth?
a) Gross Domestic Product
b) NET Domestic Product
c) NET National Product
d) Per Capita Real Income
Option d – Per Capita Real Income
The term “Hindu rate of growth” refers to the growth of
a) Per Capita Income
c) Population
d) Literacy
Which factors have mainly contributed to India’s slow growth in real per capita Income?. 1. Rapid Population growth 2. Rising prices 3. Slow progress in Agriculture and industry 4. Limited foreign exchange
a) Only 1 and 2
b) Only 1 and 3
c) Only 1 and 4
d) 1, 2, 3, and 4
Option b – Only 1 and 3
Arrange the sectors of the Indian Economy in descending order of their contribution to GDP:
a) Services, Industry, Agriculture
b) Services, Agriculture, Industry
c) Industry, Services, Agriculture
d) Industry, Agriculture, Services
Option a – Services, Industry, Agriculture
Which significant change was made in measuring India’s National Income?
a) Base year updated from 2004–05 to 2011–12
b) Calculation shifted from factor cost to market prices
c) Conversion from current prices to constant prices
d) Both Base year and calculation method updated
Option d – Both Base year and calculation method updated
The Government of India revised the Base year for GDP estimation from:
a) 2001–02 to 2010–11
b) 2004–05 to 2013–14
c) 2004–05 to 2011–12
d) 2001–02 to 2011–12
Option c – 2004–05 to 2011–12
Which of the following indicates economic growth?
a) National Income rises at constant prices in a year
b) Real per capita income shows sustained growth
c) National Income rises at current prices over time
d) National Income increases alongside Population growth
Option b – Real per capita income shows sustained growth
National Income of a country for a period is defined as the
a) Total value of goods and services produced by its nationals
b) Sum of total consumption and investment expenditure
c) Sum of personal incomes of all individuals
d) Monetary value of final goods and services produced
Option d – Monetary value of final goods and services produced
Which sector contributes the most to India’s GDP?
a) Primary sector
b) Secondary sector
c) Tertiary sector
d) All three contribute equally
Option c – Tertiary sector
In India, the National Income is estimated by:
a) Planning Commission
b) Ministry of finance
c) Central Statistical Organisation
d) Reserve Bank of India
Option c – Central Statistical Organisation
Who chaired the National Committee SET up by the Government of India in 1949?
a) C.R. Rao
b) P.C. Mahalanobis
c) V.K.R.V. Rao
d) K.N. Raj
Option b – P.C. Mahalanobis
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Also, check out:
- Nature of Indian Economy TNPSC
- Indian Economy MCQ in Hindi
- Salient Features of Indian Constitution MCQ
