National and Per Capita Income AFCAT Questions

AFCAT Indian Economy

National and Per Capita Income MCQ Questions


7.
Net National Product (NNP) at factor cost is also called ______________.
A.
Gross Domestic Product
B.
National Income
C.
Per Capita Income
D.
Disposable Income
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ANSWER :
B. National Income
8.
Which of these is subtracted from GDP to calculate NNP?
A.
Imports
B.
Depreciation
C.
Exports
D.
Savings
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ANSWER :
B. Depreciation
9.
Gross Domestic Product includes ______________.
A.
Financial transactions
B.
Final goods and services
C.
Intermediate goods
D.
Transfer payments
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ANSWER :
B. Final goods and services
10.
In India, national income is calculated by ______________.
A.
Ministry of Finance
B.
Reserve Bank of India
C.
Central Statistical Office (CSO)
D.
Planning Commission
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ANSWER :
C. Central Statistical Office (CSO)
11.
The term GDP refers to:
A.
Gross Domestic Product
B.
Gross Demand Product
C.
General Domestic Price
D.
General Development Price
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ANSWER :
A. Gross Domestic Product
12.
Disposable income is national income minus ______________.
A.
Consumption
B.
Taxes
C.
Imports
D.
Exports
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ANSWER :
B. Taxes