Which of the following features of Indian Economy cause problems in the measurement of National income?
II. Rapid growth of public sector
III. Non-monetised consumption in the villages
IV. People holding multiple jobs
Answer : B. I,III and IV
Which of the following taxes is NOT shared by the central government with the states?
Answer : B. Customs duty
The per capita income is
Answer : C. National Income/ population
Inflation denotes the following situation
Answer : A. Price level rises- money value falls
Devaluation means decrease in the
Answer : A. value of money in terms of world currency
Credit creation increases
Answer : B.Supply of Money