Per Capita Income, National Income and Contribution to GDP

Q.

What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?

Q.

Consider the following statements

(1) Dadabhai Naoroji was the first Indian to estimate the National Income of the country

(2) National Income Committee established in India after getting Independence was headed by Professor VKRV Rao .

Which of the statements given above is/are correct?

Q.

Ekta earns Rs 3000 in 10 days. How much will she earn in 30 days?

Q.

In India the task of measuring GDP is undertaken by?

Q. What is total country count of planet Earth?

1. 192
2. 195
3. 196
4. 198

Q. "A monetary measure of the market value of all the final goods and services produced in a country in a specific time period" is a definition of which term?

1. Gross Domestic Product
2. Overseas Income
3. Per Capita Income
4. Gross National Income

Q. What does the term "Per capita" mean?

1. For a state population
2. For a country population
3. For a society population
4. For each person

Q. In a family of three people, the father earns Rs 1, 80, 000/month; mother earns Rs 40, 000/month. Their younger child, who is studying in Germany gets a pocket money of Rs 12, 000/month from his parents. Calculate the per capita income of the family?

1. Rs 1, 10, 000
2. Rs 73, 333
3. Rs 34, 500
4. Rs 2, 20, 000

Q. What was India's Gross National Income (GNI) in the year 2016?

1. 136.12 lakh crores
2. 158.45 lakh crores
3. 123.45 lakh crores
4. 145.69 lakh crores

Q. Gross Domestic Product (GDP) is used throughout the world as a measure of _____ and _____ activity.

1. output
2. input
3. economic
4. military

Q. UNDP. in what way is the criterion used by UNDP is different from the one used by the world bank.

Q. Which of the following scale give importance to the well being of the population over the money produced?

1. Gross National Income
2. Gross domestic product
3. Per Capita Income
4. Gross National Happiness Index

Q. What is a system of making and trading things of value, such as goods and services called?

1. Trading
2. Currency
3. Economy
4. Business

Q. The sum of production in three sectors within the country is called the _____.

1. Net National Product
2. Gross National Product
3. Net Domestic Product
4. Gross Domestic Product

Q. How is Per Capita Income derived?