GS Economics Advanced

Right Mark: 1 Negative Mark: 0.25

Q1: National income is the:

(A) Total money earned by govt (B) Sum of factor incomes (C) Revenue only (D) Imports only

Q2: Per capita income is:

(A) GDP / Population (B) National income / Population (C) GNP / Area (D) None

Q3: GNP = GDP + ?

(A) Net factor income from abroad (B) Depreciation (C) Imports (D) Exports

Q4: Net National Product = GNP – ?

(A) Exports (B) Depreciation (C) Imports (D) Taxes

Q5: Income method of NI counts:

(A) Production (B) Expenditure (C) Wages, rent, profit, interest (D) Savings

Q6: In India, NI (National Income) is calculated by:

(A) Finance Ministry (B) CSO (C) RBI (D) NITI Aayog

Q7: Highest share in NI in India comes from:

(A) Agriculture (B) Industry (C) Services (D) Defence

Q8: Real national income is:

(A) At current prices (B) At constant prices (C) Nominal prices (D) None

Q9: Disposable income is:

(A) Income before tax (B) Income after tax (C) Gross income (D) Net exports

Q10: Unemployment caused by lack of demand is:

(A) Structural (B) Frictional (C) Cyclical (D) Voluntary

Q11: Disguised unemployment is common in:

(A) Industry (B) Agriculture (C) Trade (D) IT

Q12: Poverty line is based on:

(A) Income (B) Expenditure on food (C) Wealth (D) Savings

Q13: Which committee estimated poverty in India in 2011?

(A) Rangarajan (B) Tendulkar (C) Gadgil (D) Kelkar

Q14: "MGNREGA" was launched in:

Q15: How many days of work does "MGNREGA" guarantee?

(A) 50 (B) 100 (C) 150 (D) 200

Q16: Minimum Support Price (MSP) is announced by:

(A) RBI (B) NITI Aayog (C) Govt. of India (D) SEBI

Q17: "MSP" is recommended by:

(A) RBI (B) NABARD (C) CACP (D) FCI

Q18: "NABARD" was established in the year of _____

Q19: Golden Revolution relates to:

(A) Fruits (B) Honey & Horticulture (C) Gold (D) Tea

Q20: Which tax is progressive?

(A) Income tax (B) GST (C) Excise duty (D) Sales tax

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