1.
Economic growth means an increase in the
Any activity that generatesincome results in production of goods andservices. Therefore, all goods and servicessum up to form national income. But there isa rider.
2.
Which one of the following goods or servicesproduced in an economy is counted in thenational income of a country.
Only this one is a final good.All others are intermediate goods.
3.
Which of the following is an intermediategood, and hence not counted in estimatingnational income.
All others are final goods.
4.
During the 12th Plan period, the targeted rateof growth is 8%. It means that
It need not be consistent at thetargeted rate. It can only be an average.
5.
To derive the money value of all goods andservices produced in an economy during ayear, we multiply the physical output of eachcommodity by the price of the commodity
By
6.
The Planning Commission was disbanded inthe year:
Over the period, the economyhas been liberalized. Role of market forceshas been increasing.
7.
NITI Aayog has replaced:
NITI Aayog will work as athink tank for the government and providesnecessary inputs for efficient policy making.
8.
Which one of the following statements iscorrect?
9.
Economic growth means an increase in the
We can define national incomeas the sum total of the money value of all finalgoods and services produced in an economyduring a year.To find the money value, we multiply thequantity produced of goods and services bytheir respective market prices.The rate of growth of national income iscalled the Rate of Economic Growth. It ismeasured as follows:
The rate of growth of Indian economywould be measured as a percentage changein India
10.
Which one of the following is a publicgood?
