Q1. Who was the first person in India to calculate NI?
1) R. K. Shanmukham Chetty
2) Morarjee Desai
3) Dadabhai Nairoji
4) M. Vishveshwariya
5) R. C. Dutt
Answer-3
Q2. Which of the following is responsible for calculation of NI in India?
1) NSO
2) CSO
3) RBI
4) MOSPI
5) Finance Ministry
Answer- 2
Q3. NI refers to-
1) NNP(MP)
2) NNP(FC)
3) NDP(MP)
4) NDP(FC)
5) GNP(FC)
Answer-2
Q4. Which of the following state holds number 1 position in terms of highest Per Capita Income for year 2014-15?
1) Andhra Pradesh
2) Bihar
3) New Delhi
4) Maharashtra
5) Goa
Answer-5
Q5. Which of the following statement is correct in context to Per Capita Income?
A) It is calculated by NSO
B) It represents the value of NNP(FC) on individual basis
C) It reflects the Socio-Economic parity in the economy
1) Only A is true
2) Only B is true
3) Only C is true
4) A and B both are true
5) A and C both are true
Answer- 2
Q6. To calculate Per Capita Income we divide NNP(FC) with:
1) Total Population of the Nation
2) Total Working Population
3) Total Employed + Unemployed Population
4) Total Employable Population
5) Total Adult Population of the nation
Answer- 1
Q7. Which of the following formula is correct?
1) Depreciation = GDP-NDP
2) Depreciation = GNP-GDP
3) Depreciation = NDP-NNP
4) Depreciation = NDP-GNP
5) Depreciation = GDP-NFI
Answer-1
Q8. Which of the following formula is correct?
1) NFI = GDP(MP) - GDP(FC)
2) NFI = GNP(MP) - GDP(MP)
3) NFI = NDP(MC) - NDP(FC)
4) NFI = NNP(MP) - GDP(FC)
5) NFI = GNP (MP) - GDP(FC)
Answer-2
Q9. Which of the following is not a method for calculating GDP/GNP?
1) Income Method
2) Investment Method
3) Expenditure Method
4) Gross Value Addition Method
5) Production Method
Answer-2
Q10. Which of the following formula is correct?
1) Net Indirect Taxes = GDP(MP) - NDP(FC)
2) Net Indirect Taxes = NDP(MP) - GDP(FC)
3) Net Indirect Taxes = GNP(FC) - GDP(MP)
4) Net Indirect Taxes = GDP(MP) - GNP(FC)
5) Net Indirect Taxes = GDP(MP) - GDP(FC)
Answer-5
