DescriptionNATIONAL INCOME IN INDIA QUESTIONS and Answers exams contains the questions from various competitive exams.These questions are the part of previous year paper.These kind of questions would be helpful in preparing for exams like IAS, PCS, UPSC, NDA, CDS SSC, RRB, PSC, IBPS

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Question: Which is not included in the private income arising in a country ?

Answer:Current Payments on foreign loans

Question: In India agriculture income is calculated by :

Answer:Output method

Question: Who coined the term Hindu rate of growth for Indian Economy ?

Answer:Raj Krishna

Question: GDP at factor cost is:

Answer:GDP minus indirect taxes plus subsidies

Question: Per Capita Income is obtained by dividing National Income by:

Answer:Total population of the Country

Question: Which one of the following is a development expenditure ?

Answer:Irrigation expenditure

Question: Gross Domestic Product is defined as the value of all:

Answer:Final goods and services produced in an economy in a year

Question: Depreciation is equal to:

Answer:Gross National Product-Net National Product

Question: Which one of the following is not a method of measurement of National Income ?

Answer:Investment Method

Question: Net National Product (NNP) of a country is:

Answer:GNP minus depreciation allowances

Question: National Income is based on the:

Answer:production of goods and services

Question: Which of the following is definitely a major indication of the state of the economy of a country ?

Answer:Rate of GDP growth

Question: Which of the following can be called as a part of the service Sector ?


Question: Many a times we read a term in financial newspapers GDP. What is the full form of the same?

Answer:Gross Domestic Product

Question: In terms of economics the total value of the output (goods and services) produced and income received in a year by a domestic residents of a country put together is called:

Answer:Gross National Product

Question: Which of the following is equivalent to National Income ?

Answer:Net National Product at factor cost

Question: Which sector of Indian Economy contributes largest to the Gross National Product ?

Answer:Teritary Sector

Question: National Income estimates in India are prepared by:

Answer:Central Statistical Organisation

Question: Per Capita Income of a country derived from:

Answer:National Income and Population both

Question: The main source of National Income in India is:

Answer:Service Sector