National Income MCQ
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National Income MCQ
1. The average income of a country is called
2. The value of NNP at production point is called
3. The value of NNP at consumer point is called the
4. When depreciation is deducted from GNP, the net value is
5. Consider the following statements and identify the right ones.
i. While calculating GNP, income generated by foreigners in a country is taken into consideration ii. While calculating GNP, income generated by nationals of a country outside the country is taken into account
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6. What is the net value of GDP after deducting depreciation from GDP(Gross domestic product)?
7. Consider the following statements and identify the right ones.
i. National income is the monetary value of all final goods and services produced. ii. Depreciation is deducted from gross value to get the net value
8. Which of the following is considered as financial year in India?
9. Which is not added in the calculation of national income of India?
10. Which sector contributes the most to India’s economy in terms of GDP?
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