Q. The subject of the Study of Macro Economics is: The Principle of National Income The Principle of Consumer The Principle of Producer None of these Answer: The Principle of National Income

Q. Who had made the first attempt at National Income Accounting? Prof. D.R.Gadgill Simon Kuznets J.M.Keynes Gregory King Answer: Gregory King

Q. Why are the intermediate goods not included in the National Income while measuring National Income? To avoid double accounting It decreases income Intermediate goods are not good All of these Answer: To avoid double accounting

Q. Calculation of National Income at Market Prices is known as _________ Money income Real income Non-monetary income None of these Answer: Money income

Q. Which of the following is the method of measuring National Income? Income method Product method Expenditure method All of these Answer: All of these

Q. NNPMP = ________ GNPMP – Depreciation NDPMP + Net factor income from abroad NNPFC + Net indirect taxes All of these Answer: All of these

GNP at MP = ______ GDPMP – Depreciation GDPMP + Depreciation GDPMP ÷ Depreciation GDPMP + Net factor income from abroad Answer: GDPMP – Depreciation

Q. Which Ministry is responsible for calculating GDP in India? Ministry of Finance Ministry of Commerce and Industry Ministry of Central Statistical and Program Implementation Ministry of consumer Affairs Answer: Ministry of Central Statistical and Program Implementation

Q. What base year is used to calculate per capita income in India? 2004-05 2011-12 2001-2002 2014-15 Answer: 2011-12

Q. Which state of India currently has the highest Per Capita Income? Goa Delhi Maharashtra Punjab Answer: Goa Note: Goa has the highest per capita income among 33 Indian states and union territories, followed by northeast state Sikkim. Capital Delhi, Chandigarh, and Haryana complete the top five list. Among the five richest economies of India,