1. The first notable national income estimator in pre – Independence India is
a) DadabhaiNaoroji
b) R.C. Dutt
c) Findlay Shirras
d) V.K.R.V.Rao

2. Who was the first man scientifically estimated the national income of India?
a) DadabhaiNaoroji
b) William digby
c) Findlay Shirras
d) V.K.R.V.Rao

3. The per capita income of an economy can be calculated by
a) Multiplying GNP by population
b) Dividing GNP by population
c) Multiplying GDP by population
d) Dividing National Income by population

4. Three methods of calculating national income are
a) production, expenditure, and saving methods
b) production, expenditure, and investment methods
c) production, expenditure, and tax methods
d) production, expenditure and income methods

5. In the case of US Co-cola factory in India the income from the Co-cola factory would be counted as
a) US GDP
b) Indian GNP
c) China GDP
d) Indian GDP

6. Net National Product (NNP) = Gross National Product (GNP) –
a) Disposable Income
b) Direct taxes
c) Indirect Taxes
d) Depreciation

7. Disposable Personal Income is
a) Personal Income – Personal Taxes (Income Tax & Property Tax)
b) Personal Income + Direct Taxes
c) Per capita Income – Direct Taxes
d) Per Capita Income + Direct Taxes

8.Gross Domestic Product (GDP) is a measure of a country’s
a) Financial position
b) Industrial position
c) International economic activities
d) Domestic economic activities

9. Gross Domestic Product (GDP) is a measure of a country’s the money value of all
a) Intermediate goods and services
b) Final goods and services
c) Both A & B
d) None

10. Gross National Product = Gross Domestic Product (GDP) +
a) Net National Product
b) Per Capita Income
c) Disposable income
d) Net Factor Income From Abroad