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National Income


7. 

Which of the following features of Indian Economy cause problems in the measurement of National income?
I. Illiteracy
II. Rapid growth of public sector
III. Non-monetised consumption in the villages
IV. People holding multiple jobs

Answer : B. I,III and IV

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8. 

Which of the following taxes is NOT shared by the central government with the states?

Answer : B. Customs duty

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9. 

The per capita income is

Answer : C. National Income/ population

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10. 

Inflation denotes the following situation

Answer : A. Price level rises- money value falls

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11. 

Devaluation means decrease in the

Answer : A. value of money in terms of world currency

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12. 

Credit creation increases

Answer : B.Supply of Money

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