Q.51)-The best measure to assess a country economic growth is-
- Per capita income at constant prices
- Per capita income at current prices
- Gross domestic product at constant prices
- Gross national product at constant prices
Q.52)-Which of the following is not required while computing Gross National Product (GNP)
- Net foreign investment
- Private investment
- Per capita income of citizens
- Purchase of goods by government
Q.53)-The sum total of incomes received for the services of labour, land or capital in a country is called-
- Gross domestic product
- National Income
- Gross domestic income
- Gross national income
Q.54)-In calculating National Income which of the following is included?
- Services of housewives
- Pensions
- Income of smugglers
- Income of watchmen
Q.55)-The term 'Green GNP' emphasises-
- Rapid growth of GNP
- Increase in per capita income
- Economic development
- Sustainable development
Q.56)-The national income consists of a collection of goods and services reduced of common basis by being measured in term of money". Who says this?
- Samuelson
- Kunznets
- Hicks
- Pigou
Q.57)-Which of the following is a better measurement of economic Development?
- GNP
- Disposable
- NNP
- Per Capital Income
Q.58)-Which of the statements is correct about India's national income?
- Percentage share of agriculture is higher than services
- Percentage share of services is higher than industry
- Percentage share of services is higher than agriculture and industry put together
Q.59)-Which of the following is not included in the National Income?
- Imputed rent of owner - occupied houses
- Government expenditure on making new bridges
- Winning a lottery
- Commission paid to an agent for sale of house
Q.60)-Personal disposable income is
- Always equal to personal income
- Always morethan to personal income
- Equal to personal income minus indirect taxes
- Equal to personal income minus direct taxes
