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
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
Option d – Per Capita Real Income
The Hindu rate of growth refers to the growth rate of
(A) Per Capita Income
(B) National Income
(C) Population
(D) Literacy
Option b – National Income
Which of the following causes has been mainly responsible for the slow growth of real per capita income in India? 1. Rapid rise in population 2. The rapid rise in prices 3. The slow pace of progress in agriculture and industrial fields 4. Non-availability of foreign exchange Choose the correct answer from the codes given below.
(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
Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India?
(A) Service, Industry, Agriculture
(B) Service, Agriculture, Industry
(C) Industry, Service, Agriculture
(D) Industry, Agriculture, Service
Option a – Service, Industry, Agriculture
Indicate the vital change in the measurement of the National Income of India.
(A) The base year has been changed from 2004-05 to 2011-12
(B) Calculation has been changed from factor cost to market prices
(C) Calculation has been changed from current prices to constant prices
(D) Both the base year and calculation method has been changed
Option d – Both the base year and calculation method has been changed
The Government of India has decided to revise the base for estimating the GDP 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 is a sign of economic growth?
(A) An increase in national income at constant prices during a year
(B) A sustained increase in real per capita income
(C) An increase in national income at current prices over time
(D) An increase in national income along with an increase in population
Option b – A sustained increase in real per capita income
The national income of a country for a given period is equal to the
(A) the Total value of goods and services produced by the nationals
(B) the Sum of total consumption and investment expenditure
(C) the Sum of personal income of all individuals
(D) Money value of final goods and services produced
Option d – Money value of final goods and services produced
Which among the following sectors contributes most to the GDP of India?
(A) Primary sector
(B) Secondary sector
(C) Tertiary sector
(D) All three contribute equally
Option c – Tertiary sector
In India, India, National Income is computed by which of the following?
(A) Planning Commission
(B) Ministry of Finance
(C) Central Statistical Organisation
(D) Reserve Bank of India
Option c – Central Statistical Organisation
Who among the following was the Chairman of the National Committee appointed 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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