1. Which of the following is not, by definition, equal to National Income?

2. When less output is consumed than produced during a given income period, national wealth

3. National income at market price rises due to

4. GNP exceeds NNP by

5. Expenditure on defence is an item of

6. Consider the following statements
1. At the time of rising prices, NNP at current prices is less than NNP at constant prices.
2. At the time of rising prices, NNP at current prices is higher than NNP at constant prices.
3. NNP at current prices and NNP at constant prices are always same irrespective of changes in prices.
4. NNP at current prices is equal to NNP at constant prices at the time of stable prices. Which of these statements are correct?

7. National product at market prices is higher than national product at factor cost by the amount of

8. For a hypothetical economy the Net National Product is ' 10,000 crores, indirect taxes are ' 1500 crores and subsidy is ' 800 crores. The value of National Income will be

9. An economy's Net National Income is $ 20000 million, indirect taxes are $ 2000 million, subsidies are $ 1000 million and its population 150 million. What will be the National income at factor cost?

10. The difference between Net National Product (NNP) and Net Domestic Product (NDP) is

11. Which one of the follownig will directly increase the GNP?

12. Which of the following comes under the category of 'tertiary sector'?

13. Consider the following statements regarding savings in different sectors of an economy
1. Savings of private corporate sector constitute undistributed profits
2. Savings of private corporate sector constitute excess of income over expenditure
3. Savings of government sector constitute excess of revenue receipts over revenue expenditure
4. Savings of government sector constitute excess of total revenue over total expenditure Of the above statements

14. Which one of the following statements is correct?

15. GNP measures

16. While calculating personal income, we have to deduct the following from private income–

17. In an economy where people always consume half of any additional income and save the other half, an additional Govt. expenditure of ' 20,000 can create an additional income of

18. GNP at market prices for 2020-21 was ' 192866 crore and the GNP at factor cost was ' 171201 crore. The government paid at ' 5107 crore as subsidies during the year. The amount of indirect taxes in crores for the year should workout to

19. Estimate Gross National Product from the data given below Value of consumer : ' 20000 crores good and services Value of capital : ' 10,000 crores goods and services Value of Exports : ' 4000 crores Value of Imports : ' 2600 crores Total Depreciation : ' 1600 crores Which one of the following is correct?

20. 'The labour and capital of a country, acting upon its natural resources, produce annually a certain net aggregate of commodities, material and immaterial, including services of all kinds'. This definition of National Income is given by

21. Gross National Savings measure is the

22. Which of following method is/are used to compute national income in India?

1. Net output method
2. Net income method
3. Expenditure method
Select the correct answer using the codes given below

23. Which one of the following is not included in calculating groos national product of an economy?

24. Which of the following is a transfer payment?

25. National Income total reveals