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

Q1

Which of the following is true?

🎯 SSC CHSL 10/06/2022 (Shift-I); SSC MTS/Havaldar–01/09/2023 (Shift-I); SSC CHSL (Tier-1) – 11/08/2023 (Shift-I); SSC CHSL (Tier-1) – 09/08/2023 (Shift-III)

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

Q2

Match the items in the list with the formula in the list.
Measurement of National Income
I. GNP
II. NNP
III. GDP
IV. NDP

Formula
d. GNP - Depreciation
a. C + I + G + Net Ex
b. GDP - Depreciation
c. GDP + Net factor income from abroad

🎯 SSC CHSL (Tier-1) – 07/08/2023 (Shift-II)

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

Q3

The value added of a firm is calculated as ________

🎯 SSC CHSL (Tier-1) – 09/03/2023 (Shift-I)

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

Q4

Which of the followng is not a properly stated component of the expenditure method of measuring national income?

🎯 SSC CHSL (Tier-1) – 07/08/2023 (Shift-IV)

📘 National Income Concepts and Methods of Calculation📚 Misc

Q5

Which of the following is the correct sequence of broad and narrow concepts of National Income?

🎯 SSC CHSL (Tier-1) – 07/08/2023 (Shift-IV)

📘 National Income Concepts and Methods of Calculation📚 Misc

Q6

Which of the following is the incorrect order of concepts of national income from broad to narrow?

🎯 SSC CHSL (Tier-1) – 10/08/2023 (Shift-II)

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

Q7

While calculating Net Economic Welfare (NEW), which of the following items is subtracted from GNP?

🎯 SSC CHSL (Tier-1) – 14/08/2023 (Shift-IV)

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

Q8

By subtracting ______________ from GNP at MP, we get GDP at MP.

🎯 SSC CHSL (Tier-1) – 10/08/2023 (Shift-II)

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

Q9

Which is the most commonly used indicator of macroeconomic performance?

🎯 SSC CHSL (Tier-1) – 17/08/2023 (Shift-II)

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

Q10

Identify the true statement.

🎯 SSC CHSL (Tier-1) – 07/08/2023 (Shift-II)

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

Q11

The price of wheat into-flour is a part of the ________ Method of measuring national income.

🎯 SSC CHSL (Tier-1) – 04/08/2023 (Shift-III)

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

Q12

As of 2022, India is the ________ largest economy in the world (as measured by nominal GDP).

🎯 SSC CHSL (Tier-1) – 10/03/2023 (Shift-II)

📘 Money and Banking-I📚 Concept of Money

Q13

In any economy, the income velocity of the hoarded money (idle) by the public is equal to

🎯 SSC CHSL (Tier-1) – 03/08/2023 (Shift-IV)

📘 Public Finance in India- Budget📚 Revenue Receipts

Q14

Income of the state which arises out of the property left by the people without a legal heir is called

🎯 SSC CHSL 08/06/2022 (Shift-I)

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

Q15

__________ is the total value of final goods and services produced within a country's border. over a given time period.

🎯 SSC CHSL (Tier-I) –08/07/2019 (Shift-I)

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

Q16

Value of Total Goods and Services Produced in a country is its.........

🎯 (SSC 10+2 CHSL 07.01.17, 10 am)

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

Q17

Which Indian State has the highest GDP?

🎯 (SSC 10+2 CHSL 07.02.17, 4:15 pm)

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

Q18

Calculate country's GDP if for the year, Consumer spending is $\displaystyle 900 million, Government spending is$ 250 million, Investment by businesses is $\displaystyle 180 million, Exports are$ 85 million and Imports are $100 million.

🎯 (SSC 10+2 CHSL 03.02.17, 10 am)

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

Q19

If for the year a country's GDP was $\displaystyle 1315 million, consumer spending was$ 900 million, investment by businesses was $\displaystyle 180 million, exports were$ 85 million and imports were $ 100 million, calculate government spending?

🎯 (SSC 10+2 CHSL 25.01.17, 4:15 pm)

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

Q20

Calculate a country's GDP if for the year, consumer spending is $\displaystyle 400 million, government spending is$ 150 million, investment by businesses is $\displaystyle 80 million, exports are$ 35 million and imports are $40 million.

🎯 (SSC 10+2 CHSL 11.01.17, 10 am)

Economy - MOST IMPORTANT SSC CHSL Previous Year Questions