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Exam 2: National Income and GDP Calculation in India

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Question 1

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Select the correct statement:

A) transfer payment are included in national income
B) depreciation allowance is a part of gnp
C) taxes are not included in nnp
D) gdp means gross direct production

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Question 2

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If savings exceed investment then:

A) national income rises
B) national income falls
C) national income is not affected
D) none of the above

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Question 3

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This statement is true

Which sector contributes the most to India's economy in terms of GDP?

Which sector contributes the most to India's economy?

To avoid double counting when GDP is estimated, economists:

If we compare GDP and GNP, then:

Which is a flow concept:

What is the net value of GDP after deducting depreciation from GDP(Gross domestic product) ?

The value of NNP at consumer point is called the

Personal income includes:

There are methods of measuring national income:

Output means. ……………unless stated otherwise

Which is not added in the calculation of national income of India?

Personal income includes:

Consider the following statements and identify the right ones. i. National income is the monetary value of all final goods and services produced. ii. Depreciation is deducted from gross value to get the net value

How much does the primary sector contribute to India's GDP?

Which is the largest figure:

Which of the following is considered as financial year in India?

If the contribution of the agricultural sector is decreasing in a country's economy, then what conclusion can be drawn?