Economy Online GK Questions For SSC CGl, SSC CHSl,Railway And Public Service Commission Exams

1. The base year for computation of national income in india is:

A) 1990-91

B) 1993-94

C) 1999-2000

D) 2000-01

Answer:  B

2. The main source of national income in India is:

A) Service sector

B) Agriculture

C) Industrial sector

D) Trade sector

Answer:  A

3. The per capita income in India was $ 20 in 1867 -68 was ascertained for the first time by :

A) Dadabhai naoroji

B) R.C.Dutta

C) M.G.Ranade

D) W. Hunter

Answer:  A

4. The national income of a country is :

A) The annual revenue of the government

B) Sum total of factor incomes

C) Surplus of public sector undertakings

D) Export minus import

Answer:  B

5. As the economy develops, the share of the tertiary sector in the GDP:

A) Decreases

B) Decreases then increases

C) Increases

D) Remains constant

Answer: C

6. Who had estimated national income in India first?

A) Dadabhai  naoroji

B) R.C.Dutt

C) V.K.R.V.Rao

D) D.R.Gadgil

Answer:  A

7. Hindu rate of growth refers to the rate of growth of:

A) GDP

B) Population

C) Foodgrains

D) Per capita income

Answer:  A

8. Which of the following can be called as a part of the service sector?

A) Textile mills

B) Banking

C) Coal mines

D) Agriculture

Answer: B

9. National income is based on the?

A) Total revenue of the state

B) Production of goods and services

C) Net profit earned and expenditure made by the state

D) The sum of all factions of income

Answer: B

10. Which one of the following is not a method of measurement of national income?

A) Value added method

B) Income method

C) Expenditure method

D) Investment method

Answer: D