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Questions
1 The main source of National Income of India is
A Service sector
B Agriculture
C Industrial sector
D Trade sector
E None of the above

Answer: Option [A]
2 Net National Product (NNP) of a country is
A GNP minus net income from abroad
B GNP minus depreciation allowances
C GDP minus depreciation allowances
D GDP plus net income from abroad
E None of the above

Answer: Option [B]
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3 NNP stands for
A National New product
B Net New product
C Net National Product
D Net National Income
E National Net product

Answer: Option [C]
4 Real national income growth refers to
A National income growth adjusted for saving growth
B National income growth adjusted for depreciation rate
C National income growth adjusted for population growth
D National income growth adjusted for inflation
E None of these

Answer: Option [D]
5 GNP stands for
A Gross National Product
B Grand Nuclear Process
C Group Net Product
D Group Networking Process
E None of the above

Answer: Option [A]
6 Mixed economy means
A Co-existence of the rich and the poor
B Co-existence of public and private sectors
C Co-existence of small and large industries
D Promoting both agriculture and industries in economy
E None of these

Answer: Option [B]
7 Increased interest rates, as is existing in the economy at present, will
A Lead to lower GDP growth
B Lead to higher GDP growth
C Mean lower cost of raw materials
D Mean higher cost of raw materials
E None of these

Answer: Option [D]
8 Which of the following is the correct sequence of contribution to gross domestic product in India by the various sectors of the economy in last 10 years?
A Agriculture-service-industry
B Agriculture-industry-service
C Service-industry-agriculture
D Service-agriculture-industry
E None of the above

Answer: Option [C]
9 GDP at factor cost is
A GDP minus indirect taxes plus subsidies
B GNP minus subsidies plus indirect taxes
C GNP plus inflation rate
D NNP plus depreciation allowance
E GNP minus depreciation allowance

Answer: Option [A]
10 Per capita income is obtained by dividing national Income by
A Area of the country
B Total working population
C Volume of the capital used
D Total population of the country
E None of the above

Answer: Option [D]

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