National Income MCQ for RBI Grade B (ESI)

Dear aspirants,
We are presenting you the National Income MCQ for RBI Grade B from Economic and Social Issues Section of the exam. Before going through the quiz we will recommend you to read the topic of National Income.

1. Which one of the following publishes National Account Statistic report annually?
   1. National Sample Survey Organisation (NSSO)
   2. Central Statistics Office (CSO)
   3. National Statistical Commission
   4. Indian Statistical Institute
2. Which of the following is/are method to calculate GDP?
   a. Value added method
   b. Expenditure method
   c. Income method
   d. Cost of Good method
   Select the correct answer from following options:
   1. Only a
   2. Only a and c
   3. Only a, b and c
   4. All are correct
3. Which of the following is/are correct with respect to GDP?
   1. It is value of all final goods & services produced within country over the period of one year
   2. It is value of all final goods & services produced within country and outside country over the period of one year
   3. It is value of all final goods & services produced within country after taking into account the effect of depreciation
   4. None of these
4. Which of the following is/are correct regarding GNP?
   a. GNP = GDP – Depreciation
   b.GNP = GDP + Taxes – Subsidies
   c. GNP = NNP + Depreciation – Income from Abroad
   d. GNP = GDP + Income from Abroad
   Select the correct answer from following options:
   1. Only a
   2. b and c
   3. b, c and d
   4. c and d
5. Which of the following is called National Income represented by NI?
   1. Net National Product (NNP)
   2. Gross Domestic Product (GNP)
   3. Gross National Product (GNP)
   4. Net Domestic Product
6. Who was the author of the book ‘Poverty and Un British Rule in India’?
   1. William Digby
   2. Dada Bhai Naoroji
   3. V K R V Rao
   4. Findlay Shirras
7. Who made the first attempt to measure National Income of India before the Independence?
   1. William Digby
   2. Dada Bhai Naoroji
   3. V K R V Rao
   4. Findlay Shirras

Answers

1. 2
2. 3
3. 1
4. 4
5. 1
6. 2
7. 2

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