1. The value added of a firm is calculated as ________
2. In economic terms what do we mean by 'intermediate goods'?
3. 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
4. Which sector has the highest percentage share of goods exports in the annual GDP (at current prices) for the year 2020-21?
5. If for the year a country's GDP was $1315 million, consumer spending was $900 million, investment by businesses was $180 million, exports were $ 85 million and imports were $ 100 million, calculate government spending?
6. National Income is compiled by
7. Unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand is called
8. What is the income of all the residents of the country called?
10. What is the economic impact of increase in productivity of firms?
11. The GDP deflator is also called :
12. Which of the following types of unemployment is mostly found in urban areas?
13. _______ is an indicator which is used for analysing the occupational structure and unemployment in India?
14. The national poverty line for 2011-12 was estimated at _________ per capital per month for rural areas of India.
15. The estimate of poverty line in India is based on the survey conducted by which of the following?
16. Which of the following is not a method of estimating national income?
17. GDP in economics, the letter D represents ____
18. According to the National Multidimensional Poverty Index Baseline Report Published by NITI Aayog in the year 2021, what percentage of the population living in urban areas is poor?
19. What is Net National Product?
20. What was India's per capita net national income (estimated) during 2019-20?
21. People like small farmer and seasonal labourers, who regularly moves in and out of poverty called ...............
22. Identify the true statement.
23. Which among the following is included in the gross domestic product?
24. If we sum the gross value added of all the firms of the economy in a year, we get a measure of the value of aggregate amount of goods and services produced by the economy in a year. Such an estimate is called _______.
25. Sectoral distribution of GDP index measures…..
26. 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.
27. Full employment is the level at which there is…….
28. The price of wheat into-flour is a part of the ________ Method of measuring national income.
29. By subtracting _________ from GNP at MP, we get GDP at MP.
30. Which of the following is false about minimum wages?
31. National Income–Undistributed profits–Net interest payments made by households– Corporate tax + Transfer payments to the households from the government and firms is.....
32. While calculating GDP, which among the following is not included?
33. Who is the author of the book, ‘Poverty and Un-British Rule in India’?
34. The National Multidimensional Poverty index 2021 (MPI) was released by which of the following?
35. Which of the following states had the highest
36. GDP deflator is equal to _________
37. 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.
38. Which is a subsistence factor used to measure the poverty line in India?
39. In which type of unemployment a person contributes less than his capacity?
40. Which of the following institutions conducts the survey on employment and unemployment?
41. The economist who for the first time scientifically determined National Income in India is-
42. Dadabhai Naoroji was the first person to discuss the concept of ............. in preindependence India.
43. Which of the following is true?
44. The aggregate value of goods and services produced in an economy can be calculated by three methods: income method, expenditure method and ––––– method
45. Gross Domestic Product + Net factor income from abroad =
46. 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
47. 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?
48. What percentage of India’s population is employed in agriculture?
49. Calculate a country’s GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.
50. People involved in _______ sector, process the primary materials and convert them into finished goods.
