Economic MCQs with answers Page - 12

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Q. The term ‘Green GNP’ emphasises–

  • (A) Rapid growth of GNP
  • (B) Increase in Per Capita Income
  • (C) Economic Development
  • (D) Sustainable Development

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Q. Who among the following Indian economists has done pioneering work on National Income?

  • (A) Jagdish Bhagwati
  • (B) ML Seth
  • (C) Amartya Sen
  • (D) VKRV Rao

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Q. In calculating National Income, which of the following is included?

  • (A) Services of housewives
  • (B) Pensions
  • (C) Income of smugglers
  • (D) Income of watchmen

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Q. Which of the following is not required while computing Gross National Product (GNP)?

  • (A) Net foreign investment
  • (B) Private investment
  • (C) Per Capita Income of citizens
  • (D) Purchase of goods by government

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Q. Which of the following results by dividing National Income by size of population?

  • (A) Per Capita Income
  • (B) Subsistence level
  • (C) Subsistence expenditure
  • (D) Per capita production

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Q. What does National Income mean?

  • (A) The total value of all goods and services produced in the country during a period of 1 year
  • (B) The total value of all stocks and shares in the country during a period of 1 year
  • (C) The total value of all capital goods produced in the country during a period of 1 year
  • (D) The total value of all consumer goods produced in the country during a period of 1 year

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Q. The difference between the GNP and the NNP is equal to the–

  • (A) Consumer expenditure on durable goods
  • (B) Direct tax revenue
  • (C) Indirect tax revenue
  • (D) Capital depreciation

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Q. National Income refers to–

  • (A) Money value of goods and services produced in a country during a year
  • (B) Money value of stocks and shares of a country during a year
  • (C) Money value of capital goods produced by a country during a year
  • (D) Money value of consumer goods produced by a country during a year

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Q. The National Income of a country is–

  • (A) Government annual revenue
  • (B) Total productive income
  • (C) Surplus of the public sector enterprise
  • (D) Export and Import

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Q. The method of calculating the National Income by the product method is otherwise known as–

  • (A) Income method
  • (B) Value added method
  • (C) Expenditure method
  • (D) Net output method

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