1. Which of the following is equivalent to National Income?

1. 1. Gross Domestic Product at market price

   
   
   

   2. Net Domestic Product at factor cost

   
   
   

   3. Net National Product at market price

   
   
   

   4. Net National Product at factor cost

   
   
   

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   N/A

   Correct Option: D

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2. The growth rate of Per Capita Income at current prices is higher than that of Per Capita Income at constant prices, because the latter takes into account the rate of

1. 1. growth of population

   
   
   

   2. increase in price level

   
   
   

   3. growth in money supply

   
   
   

   4. increase in the wage rate

   
   
   

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   N/A

   Correct Option: B

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3. Which of the following is definitely a major indication of the state of the economy of a country?

1. 1. Rate of GDP growth

   
   
   

   2. Rate of inflation

   
   
   

   3. Number of Banks in a country

   
   
   

   4. Stock of food grains in a country

   
   
   

   5. None of these

   
   
   

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   N/A

   Correct Option: A

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4. Net National Product (NNP) of a country is

1. 1. GDP minus depreciation allowances

   
   
   

   2. GDP plus net income from abroad

   
   
   

   3. GNP minus net income from abroad

   
   
   

   4. GNP minus depreciation allowances

   
   
   

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   N/A

   Correct Option: D

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5. Which one of the following is NOT a method of measurement of National Income?

1. 1. Value Added Method

   
   
   

   2. Income Method

   
   
   

   3. Expenditure

   
   
   

   4. Investment Method

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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