SSC CGL Questions on National Income
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Question 1: Which of the following is the correct definition of the term National Income ?
(A) National Income means the total amount of money Govt. earns only through direct tax collections. every year.
(B)It is the total value of all sorts of stocks held by a country at a particular point of time.
(C) This is the measure of the volume of commodities and services turned out during a given period counted without duplication.
a) Only A
b) Only B
c) Only C
d) All A, B & C
e) None of these
Question 2: Which of the following is not a method of estimating national income?
a) Expenditure method
b) Output method
c) Matrix method
d) Income method
Question 3: Which of the following areas make the largest contribution to national income in India?
a) Industry
b) Services
c) Agriculture
d) Mining
Question 4: National Income of India is compiled by which institute?
a) Finance Commission
b) Indian Statistical Institute
c) National Development Council
d) Central Statistical Organization
Question 5: Who estimated the National Income for the first time in India?
a) Mahalonobis
b) Dababhai Naroji
c) V.K.R.V. Rao
d) Sardar Patel
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Question 6: National Income is generated from
a) any money-making activity
b) any laborious activity
c) any profit-making activity
d) any productive activity
Question 7: National Income refers to
a) Current market value ofall final goods and services produced in a year
b) Current market value of consumer goods and services produced in a year
c) Current market value of capital goods and services produced in a year
d) All of the above
Question 8: National Income in India is measured in terms of?
a) Gross Domestic Product
b) Gross National Product
c) Net National Product at Market Price
d) Net National Product at Factor Cost
Question 9: Who estimated national income in India first?
a) Dadabhai Naoroji
b) R.C. Dutt
c) V.K. R.V. Rao
d) D.R. Gadgil
Question 10: The National Income of a country is
a) the annual revenue of the Government
b) sum total of factor incomes
c) surplus of PSU’S
d) export minus Import
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Answers & Solutions:
1) Answer (C)
2) Answer (C)
3) Answer (B)
4) Answer (D)
5) Answer (B)
6) Answer (A)
7) Answer (A)
8) Answer (D)
9) Answer (A)
10) Answer (B)
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