national income & human development index section 4 MCQ Questions & Answers Detailed Explanation

Question : 1

The first measure of India’s National Income was made by

a) Dadabhai Naoroji

b) William Digby

c) V.K.R.V. Rao

d) M.G. Ranade

Question : 2

The reason in difference between GNP and GDP is

a) Net Foreign Investment

b) Gross Foreign Investment

c) Net Exports

d) Net Factor Income from abroad

Question : 3

The existence of a parallel economy or black money

a) makes the monetary policies less effective

b) makes the economy more competitive

c) ensure a better distribution of income and wealth

d) ensure increasing productive investment

Question : 4

The World Investment Report (WIR) is published by

a) General Agreement on Tariffs on Trade (GATT)

b) International Monetary Fund (IMF)

c) Organisation of Economic Cooperation and Development (OECD)

d) United Nations Conference on Trade and Development (UNCTAD)

Question : 5

National Income is the

a) NNP at factor cost

b) NNP at market price

c) Net Domestic product at market price

d) Net domestic product at factor cost.

Question : 6

National Income is the

a) Net National Product at factor cost

b) Net National Product at market price

c) Net Domestic Product at factor cost

d) Net Domestic Product at market price