||National Income is –
||Net National Product at factor cost
||The Net National Product at Market Price (N.N.P.MP) is –
||Gross National Product at Market Price – Depreciation
||The National income of a country for a given period is equal to the –
||Money value of final goods and services produced
||Base year’ in National Income accounting means –
||The year whose prices are being used to calculate the real GDP
||One of the problems in calculating National Income in India is –
||If over a given period of time, both prices and monetary income have been doubled, the real income will be –
||The view that ‘Planning in India should, in future, pay more attention to the people than to commodities’ was given by –
||The Hindu rate of growth refers to the growth rate of –
||Hindu growth rate is related to –
||Economic growth is usually coupled with –
||Economic liberalization in India started with –
||Substantial changes in industrial licensing policy
||Who is called the pioneer of liberalization of the Indian Economy?
||Dr. Manmohan Singh
||Which is NOT a major factor of economic growth?
||Technocrats and Bureaucrats
||The most appropriate measure of a country’s economic growth is its –
||Per Capita Product (PCP)
||The standard of living in a country is represented by –
||Per Capita Income
||That the Per Capita Income in India was Rs. 20 in 1867-68, was ascertained for the first time by –
||Who was the chairman of the National Income Committee appointed by the Government of India in 1949?
||The economist who for the first time scientifically determined National Income in India –
||In India National Income is estimated by –
||Central Statistical Organisation
||In India which agency is entrusted with the collection of data of capital formation?
||RBI and Central Statistical Organisation
||In India for estimation of GDP at constant prices, at present the base year is –
||What is a sign of economic growth?
||A sustained increase in real Per Capita Income.
||The latest Per Capita Income at current prices is lowest for the Indian State of –
||Which of the States has the highest Per Capita Income (at present) ?
||Which State has highest Per Capita Average Income?
||The main reason for low growth rate in India, inspite of high rate of savings and capital formation is –
||High capital-output ratio
||Economic growth in country X will necessarily have to occur if –
||There is capital formation in X
||In the 2001-2010 decade, the highest rate of gross domestic savings was achieved in the year –
||The average rate of domestic savings (gross) for the Indian Economy is currently estimated to be in the range of –
||20 to 25 percent
||Which sectors contribute the most in savings in India?
||Which has the highest share in the household savings of India?