macro fundamentals, GDP, investment & growth section 4 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 21 [UPSC (Pre) 2018]

With reference to the provisions made under the National Food Security Act, 2013, consider the following statements.

  1. The families coming under the category of ‘below poverty line (BPL)’ only are eligible to receive subsidised food grains.
  2. The eldest woman in a household of age 18 years or above, shall be the head of the household for the purpose of issuance of a ration card.
  3. Pregnant women and lactating mothers are entitled to a ‘takehome ration’ of 1600 calories per day during pregnancy and for six months thereafter.
Which of the statement(s) given above is/are correct?

a) Only 2

b) Only 1 and 2

c) Only 3

d) Only 1 and 3

Answer: (a)

Question : 22

The National Income of a country (India) is equal to which of the following:

a) Net National Product at Factor Cost

b) Net National Product at Market Prices

c) Gross National Product (GNP)

d) Income going to the household sector

Answer: (b)

National Income (NI) and Net National Income (NNI) are the same terms and are used interchangeably.

National Income = Net National Income (NNI) = Net National Product (NNP)

Earlier (before January 2015) NSO was using factor cost to calculate NNP but now it uses Market Prices to calculate NNP.

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1262 investment growth based indian economy MCQ section 4 question answer with explanation pdf

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