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National income

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which of the following is included in the National Income of a country?

a)

Rent

b)

Wages

c)

Interest

d)

Rent, Interest, Wages, Salary, Profits

2.

Which of the following organisations calculate the Gross Domestic Product in India?

a)

Reserve Bank of India

b)

Indian Statistical Institute

c)

National Statistical Office

d)

None of the above

3.

Which of the following is the employment theory related to?

a)

Macroeconomics

b)

Static economics

c)

Microeconomics

d)

None of the above

4.

Which of the following is a method to measure the National Income?

a)

Expenditure method

b)

Income method

c)

Product method

d)

All of the above

5.

Who measured the first National Income of India?

a)

Dadabhai Naoroji

b)

William Digboi

c)

V.K.R.V. Rao

d)

Professor P.C. Mahalanobis

6.

Which of the following statements describes the National Income?

a)

The budget introduced by the government

b)

It is the total of various income factors

c)

Profit of different units in the public sector

d)

The income gained by the government

7.

………is the total value of a country’s final output of all new goods and services produced during the year:

a)

Gross national product

b)

National Income

c)

Gross national Income

d)

Gross domestic product

8.

Which of the following term is opposite to Inflation?

a)

Deflation

b)

Hyperinflation

c)

Stagflation

9.

:- Most pertinent problem while computing National Income is:

a)

Non-monetized Consumption

b)

Inflation

c)

Low savings

d)

Under employment

10.

why the intermediate goods are not included in the National Income?

a)

Intermediate goods are not reliable

b)

For the prevention of double counting

c)

Decreases the income

d)

All of the above