Central Statistical Organisation (CSO), prepares the estimates of national income in India. The first official estimates of the national income, prepared by the CSO at constant prices with base year 1948-49, as well as at current prices, were brought out in 1956.

Correct Option: C

Central Statistical Organisation (CSO), prepares the estimates of national income in India. The first official estimates of the national income, prepared by the CSO at constant prices with base year 1948-49, as well as at current prices, were brought out in 1956.

Service sector is one of the three economic sectors. it includes : telecommunication, hospitality industries/tourism, mass media, healthcare/hospitals, information technology, banking, insurance, investment management, accountancy, legal services, consulting, retail sales, real estate, education. Maximum contribution to national income comes from service sector which contributes around 60%.

Correct Option: A

Service sector is one of the three economic sectors. it includes : telecommunication, hospitality industries/tourism, mass media, healthcare/hospitals, information technology, banking, insurance, investment management, accountancy, legal services, consulting, retail sales, real estate, education. Maximum contribution to national income comes from service sector which contributes around 60%.

Per capita income of a country is derived from National income and population both. Per capita income is obtained by dividing national income by total population of the country. Per capita income, also known as income per person, is the mean income of the people in a country. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP of Gross national income) and dividing it by the total population.

Correct Option: C

Per capita income of a country is derived from National income and population both. Per capita income is obtained by dividing national income by total population of the country. Per capita income, also known as income per person, is the mean income of the people in a country. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP of Gross national income) and dividing it by the total population.

Dadabhai Naoroji had estimated national income in India first. National income estimate before independence was prepared by Dada Bhai Naoroji in 1876. He estimated national income by estimating the value of agriculture production and then adding some percentage of non-agricultural production. This method was non-scientific.

Correct Option: A

Dadabhai Naoroji had estimated national income in India first. National income estimate before independence was prepared by Dada Bhai Naoroji in 1876. He estimated national income by estimating the value of agriculture production and then adding some percentage of non-agricultural production. This method was non-scientific.

Tertiary sector of the Indian economy contributes largest to the GNP. During last decade tertiary sector has shown remarkable expansion. The economy is divided into three sectors on the basis of activities-primary, secondary and tertiary. Primary sector is involved into agriculture, secondary sector is involved into manufacturing, mining, construction while tertiary sector is involved into trade, transport, communication, banking & other services. In the last decade, India has expanded maximum in providing services like IT, telecommunication, healthcare, tourism which is contributing around 60% to GDP.

Correct Option: C

Tertiary sector of the Indian economy contributes largest to the GNP. During last decade tertiary sector has shown remarkable expansion. The economy is divided into three sectors on the basis of activities-primary, secondary and tertiary. Primary sector is involved into agriculture, secondary sector is involved into manufacturing, mining, construction while tertiary sector is involved into trade, transport, communication, banking & other services. In the last decade, India has expanded maximum in providing services like IT, telecommunication, healthcare, tourism which is contributing around 60% to GDP.