1.
Which is the parameter for the economic development?
2.
What is the income of all the residents of the country called?
3.
Which of the following is the sum of net investment and depreciation called?
4.
Which of the following methods is used to calculate national income by summing the total expenditure on final goods and services in an economy?
5.
People like small farmer and seasonal labourers, who regularly moves in and out of poverty called ...............
6.
Sectoral distribution of GDP index measures…..
7.
GDP deflator is equal to _________
8.
Full employment is the level at which there is…….
9.
Economists define unemployed person as one who is not able to get even 1 hour of work in......
10.
What was the limit of poverty line suggested by the National Planning Committee in 1938 on the basis of minimum livelihood level?
11.
Which among the following is included in the gross domestic product?
12.
Which of the following assumptions is made to determine the level of aggregate demand for final goods in the economy?
I. In the short run, we assume a fixed final
commodity price and a fixed interest rate.
II. The entire supply is considered to be
perfectly elastic
14.
Which of the following is the indicator criteria to represent the standard of living in a country?
15.
The economist who for the first time scientifically determined National Income in India is-
16.
Which of the following is not a method of estimating national income?
17.
As of 2025, India is the _______ largest economy in the world (as measured by nominal GDP).
18.
What is Net National Product?
19.
If C = Consumption, I = Investment, G = Government spending, Ex = exports & Im = Imports, then GDP =
20.
Why it is important to distinguish between final and intermediate goods/services in national income accounting?
21.
Which of the following is the correct sequence of broad and narrow concepts of National Income?
22.
It may be tempting to consider a country's higher level of Gross Domestic Product (GDP) as an index of the relative well-being of that country's people. But there are some reasons due to which this may not be correct. Which of the following is not one of these reasons?
23.
Gross National Product is equal to :
24.
Calculate country’s GDP if for the year, Consumer spending is $900 million, Government spending is $250 million, Investment by businesses is $180 million, Exports are $85 million and Imports are $100 million.
25.
In an economy there could be ________ sector/sectors, which are dominant in terms of total production & employment.
26.
The GDP deflator is also called :
27.
.......... is the unemployment which exists in any economy due to people being in the process of moving from one job to another.
28.
Disguised unemployment in India is mainly related to
29.
.......... is the total value of final goods and services produced within a country's border. over a given time period.
30.
By subtracting _________ from GNP at MP, we get GDP at MP.
31.
Letter D in GDP stands for __________ in economics.
32.
Final goods are divided into how many classes?
33.
Which of the following is not taken into account to estimate national income?
34.
The national poverty line for 2011-12 was estimated at _________ per capital per month for rural areas of India.
35.
The value added of a firm is calculated as ________
36.
Income of the state which arises out of the property left by the people without a legal heir is called _________.
37.
The price of wheat into-flour is a part of the ________ Method of measuring national income.
38.
Which of the followng is not a properly stated component of the expenditure method of measuring national income?
39.
Personal Income − Personal tax payments − Non-tax payments =
40.
Which of the following types of unemployment is mostly found in urban areas?
41.
Gross Domestic Product + Net factor income from abroad =
42.
Match the items in the list with the formula in the list.
Measurement of National Income Formula
GNP d. GNP - Depreciation
NNP a. C + I + G + Net Ex
GDP b. GDP - Depreciation
NDP c. GDP + Net factor
income from abroad
43.
Which of the following is correct regarding the National Income?
I. Intermediate goods are not included in the
calculation of national income.
II. Final goods are included in the calculation of
national income.
44.
When workers move from one job to another job is known as:………...
45.
The sum of production in the primary, secondary and tertiary sectors of the Indian Economy gives the value of:
46.
While calculating GDP, which among the following is not included?
47.
Net National Product at market prices– Net indirect taxes =
48.
According to the first Multidimensional Poverty index (MPI) prepared by NITI Aayog and released in November 2021, which of the following states emerged as the poorest state?
49.
Which Indian State has the highest GDP?
50.
Labour force participation is an indicator which is used for analysing the occupational structure and unemployment in India. The labour force participation rate is the measure to evaluate working - age population in an economy. The participation rate refers to the total number of people or individuals who are curently employed or in search of a job.
