|
Questions |
Answers |
| 1 |
National Income is – |
Net National Product at factor cost |
| 2 |
The Net National Product at Market Price (N.N.P.MP) is – |
Gross National Product at Market Price – Depreciation |
| 3 |
The National income of a country for a given period is equal to the – |
Money value of final goods and services produced |
| 4 |
Base year’ in National Income accounting means – |
The year whose prices are being used to calculate the real GDP |
| 5 |
One of the problems in calculating National Income in India is – |
Non-organized sector |
| 6 |
If over a given period of time, both prices and monetary income have been doubled, the real income will be – |
Unchanged |
| 7 |
The view that ‘Planning in India should, in future, pay more attention to the people than to commodities’ was given by – |
Amartya Sen |
| 8 |
The Hindu rate of growth refers to the growth rate of – |
National Income |
| 9 |
Hindu growth rate is related to – |
GDP |
| 10 |
Economic growth is usually coupled with – |
Inflation |
| 11 |
Economic liberalization in India started with – |
Substantial changes in industrial licensing policy |
| 12 |
Who is called the pioneer of liberalization of the Indian Economy? |
Dr. Manmohan Singh |
| 13 |
Which is NOT a major factor of economic growth? |
Technocrats and Bureaucrats |
| 14 |
The most appropriate measure of a country’s economic growth is its – |
Per Capita Product (PCP) |
| 15 |
The standard of living in a country is represented by – |
Per Capita Income |
| 16 |
That the Per Capita Income in India was Rs. 20 in 1867-68, was ascertained for the first time by – |
Dadabhai Naoroji |
| 17 |
Who was the chairman of the National Income Committee appointed by the Government of India in 1949? |
P.C. Mahalanobis |
| 18 |
The economist who for the first time scientifically determined National Income in India – |
V.K.R.V. Rao |
| 19 |
In India National Income is estimated by – |
Central Statistical Organisation |
| 20 |
In India which agency is entrusted with the collection of data of capital formation? |
RBI and Central Statistical Organisation |
| 21 |
In India for estimation of GDP at constant prices, at present the base year is – |
1999-2000 |
| 22 |
What is a sign of economic growth? |
A sustained increase in real Per Capita Income. |
| 23 |
The latest Per Capita Income at current prices is lowest for the Indian State of – |
Bihar |
| 24 |
Which of the States has the highest Per Capita Income (at present) ? |
Goa |
| 25 |
Which State has highest Per Capita Average Income? |
Haryana |
| 26 |
The main reason for low growth rate in India, inspite of high rate of savings and capital formation is – |
High capital-output ratio |
| 27 |
Economic growth in country X will necessarily have to occur if – |
There is capital formation in X |
| 28 |
In the 2001-2010 decade, the highest rate of gross domestic savings was achieved in the year – |
2007-08 |
| 29 |
The average rate of domestic savings (gross) for the Indian Economy is currently estimated to be in the range of – |
20 to 25 percent |
| 30 |
Which sectors contribute the most in savings in India? |
Household sector |
| 31 |
Which has the highest share in the household savings of India? |
Physical assets |
