Monohar Pandey Solutions for Exercise 1: Exercise 1

How can we arrive at NNP from GNP in National Income accounting

Consider the following statements
1. In last ten years, foodgrain production in India has increased ten times of production in first Five Year Plan.
2. Since 2000, India has started producing 200 million tonnes of rice only.
Which of the statements given above is/are correct?

Arrange the following Indian states in an order from having high Per Capita Income to low Per Capita Income.
1. Sikkim                2. Goa
3. Chandigarh        4. Delhi
Choose the right answer from the codes given below

Since Independence, both plan and non-plan expenditures have increased, the increase in non-plan expenditure is little more than the former. Which one of the following expenditure causes the increase in non-plan-expenditure and select the correct answer using the codes
1. Interest payment
2. Subsidy        3. Irrigation

National Income accounting entails a calculation of the net contribution at every stage of manufacturing. This method of National Income accounting is known as

Consider the following statements
1. The employment generated by the agriculture and allied sector in Indian economy in pre-reform period was more than the tertiary sector.
2. In post reform period, the employment generated by the primary sector is less than 25%.
Which of the statements given above is/are correct?

What is the percentage of the constituent of the population of the working age group (15-64 years) in the Indian economy?

Which of the following method is not used in determining National Income at a country?