How it works Features Exams FAQ Pricing

EN

हिं

Economy - MOST IMPORTANT Allahabad HC ARO Previous Year Questions

Practice real questions from previous year exams of Allahabad HC ARO.

📘 National Income Concepts and Methods of Calculation📚 Gross Domestic Product (GDP)

Q1

Gross Domestic Product (GDP) is defined as the value of all :

🎯 Allahabad HC ARO 16/12/2021 Shift-II

A.

goods produced in an economy in a year

B.

goods and services in an economy in a year

C.

final goods produced in an economy in a year

D.

final goods and services produced in an economy in a year

📘 National Income Concepts and Methods of Calculation📚 Net National Product (NNP)

Q2

Depreciation is equal to:

🎯 Allahabad HC ARO 16/12/2021 Shift-II

A.

Gross National Product – Net National Product

B.

Net National Product – Gross National Product

C.

Gross National Product – Personal Income

D.

Personal Income – Personal Taxes

📘 National Income Concepts and Methods of Calculation📚 Methods of Calculation

Q3

Which one of the following is NOT a method of measurement of National Income?

🎯 Allahabad HC ARO 16/12/2021 Shift-II

A.

Value added method

B.

Income method

C.

Expenditure method

D.

Investment method

📘 National Income Concepts and Methods of Calculation📚 Misc

Q4

Who of the following estimated the National Income for the first time in India?

🎯 Allahabad HC ARO 14/12/2021 Shift-II

A.

Dadabhai Naoroji

B.

Chittaranjan Das

C.

K.N. Raj

D.

Nandalal Bose

📘 National Income Concepts and Methods of Calculation📚 Misc

Q5

Who of the following estimated the National Income for the first time in India?

🎯 Allahabad HC ARO 19/12/2021 Shift-II

A.

Dadabhai Naoroji

B.

Chittaranjan Das

C.

K.N. Raj

D.

Nandalal Bose

📘 Fundamental Economic Concepts📚 Sectors of an Economy

Q6

Which one of the following is the correct sequence in the decreasing order of contribution of different source of the Gross Domestic Product of India ?

🎯 Allahabad HC ARO 16/12/2021 Shift-I

A.

Service – Industry – Agriculture

B.

Service – Agriculture – Industry

C.

Industry – Service – Agriculture

D.

Industry – Agriculture – Service

📘 National Income Concepts and Methods of Calculation📚 Misc

Q7

The National Income of a country is :

🎯 Allahabad HC ARO 16/12/2021 Shift-I

A.

The annual revenue of the Government

B.

The sum total of all factors of income

C.

Surplus of Public Sector Undertakings

D.

Export minus Import

📘 National Income Concepts and Methods of Calculation📚 Net National Product (NNP)

Q8

Which of the following is equivalent to National Income?

🎯 Allahabad HC ARO 16/12/2021 Shift-I

A.

Gross Domestic Product at Market Price

B.

Net Domestic Product at Factor Cost

C.

Net National Product at Market Price

D.

Net National Product at Factor Cost

📘 National Income Concepts and Methods of Calculation📚 Net National Product (NNP)

Q9

Net National Product (NNP) of a country is :

🎯 Allahabad HC ARO 16/12/2021 Shift-I

A.

GDP minus depreciation allowances

B.

GDP plus net income from abroad

C.

GNP minus net income from abroad

D.

GNP minus depreciation allowances

📘 National Income Concepts and Methods of Calculation📚 Per capita Income

Q10

Per Capita Income of a country is derived from:

🎯 Allahabad HC ARO 16/12/2021 Shift-I

A.

National Income

B.

Population

C.

Both National Income and Population

D.

Import and Export

📘 Fundamental Economic Concepts📚 Sectors of an Economy

Q11

The main source of National Income in India is:

🎯 Allahabad HC ARO 16/12/2021 Shift-I

A.

Service Sector

B.

Agriculture

C.

Industrial Sector

D.

Trade Sector

📘 National Income Concepts and Methods of Calculation📚 Per capita Income

Q12

The most appropriate measure of a country’s economic growth is its:

🎯 Allahabad HC ARO 15/12/2021 Shift-I

A.

Gross Domestic Product

B.

Net Domestic Product

C.

Net National Product

D.

Per Capita Real Income

📘 National Income Concepts and Methods of Calculation📚 Methods of Calculation

Q13

In India, agriculture income is calculated by:

🎯 Allahabad HC ARO 20/12/2021 Shift-II

A.

Output method

B.

Input method

C.

Expenditure method

D.

Commodity flow method

📘 National Income Concepts and Methods of Calculation📚 Gross Domestic Product (GDP)

Q14

GDP at factor cost is:

🎯 Allahabad HC ARO 20/12/2021 Shift-II

A.

GDP minus indirect taxes plus subsidies

B.

GNP minus depreciation allowances

C.

NNP plus depreciation allowances

D.

GDP minus subsidies plus indirect taxes

📘 National Income Concepts and Methods of Calculation📚 Per capita Income

Q15

Per Capita Income is obtained by dividing National Income by

🎯 Allahabad HC ARO 20/12/2021 Shift-II

A.

Total population of the country

B.

Total working population

C.

Area of the country

D.

Volume of the capital used

📘 National Income Concepts and Methods of Calculation📚 Methods of Calculation

Q16

Which of the following is not a method of estimating national income of India?

🎯 Allahabad HC ARO 18/12/2016

A.

Income method

B.

Expenditure method

C.

Value Added method

D.

Export-import method

📘 Inflation and Business Cycles (Recession, Depression, etc.)📚 Measures of Inflation- WPI, CPI, etc.

Q17

The basis of determining dearness allowance payable to employees in India is :

🎯 Allahabad HC RO/ARO 06/02/2011

A.

National Income

B.

Consumer Price Index

C.

Standard of Living

D.

Per capita Income

📘 Poverty📚 Misc

Q18

Which of the following states of India has highest percentage of its people below poverty line?

🎯 Allahabad HC ARO 14/12/2021 Shift-II

A.

Bihar

B.

Odisha

C.

Jharkhand

D.

Chhattisgarh

📘 Agriculture Sector📚 Features of Indian Agriculture

Q19

Indian agriculture is typically characterized as:

🎯 Allahabad HC ARO 16/12/2021 Shift-II

A.

Land Surplus, Labour Scarce Economy

B.

Land Surplus, Labour Surplus Economy

C.

Land Scarce, Labour Surplus Economy

D.

Land Scarce, Labour Scarce Economy

📘 Fundamental Economic Concepts📚 Sectors of an Economy

Q20

Which of the following types of economic activities dominate all rural settlements ?

🎯 Allahabad HC ARO 15/12/2021 Shift-I

A.

primary

B.

quaternary

C.

secondary

D.

tertiary

🔐 Login to practice full set