National Income of India

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National Income of India: Overview

This topic covers concepts, such as, Product or Production Method, Income Method & Expenditure Method etc.

Important Questions on National Income of India

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Marginal product is ratio of:

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What precaution(s) is/are necessary while applying the expenditure method?

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 Calculate GDP at MP by using the Expenditure Method.

S. No Items Amount (in crores)
1) Final Investment Expenditure 500
2) Final Consumption Expenditure 500
3) Net Exports 200

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What does C indicates in formula of calculating expenditure GDP?

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What is the formula for calculating expenditure GDP?

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The expenditure method is defined as:

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What was the per capita income according to the annual national income report and GDP 2019-20, which was released by the Ministry of Statistics and Programme Implementation?

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Who is known as the father of National Income Accounting in India?

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Product method and Income Method of calculating National Income are also known by the name of _____ and _____ respectively.

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Which of the following method of calculating National Income depends upon the four factors, i.e., production labor, capital, land, and entrepreneurship?

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Which of the following is not a method to calculate National Income?

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Who serves the function of collecting capital formation data in India?

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The term National Income refers to _____.

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The rate of growth of per capita income at current market prices is higher than the rate of growth of per capita income at constant prices, because in the rate of growth of per capita income, the following is considered:

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The term _____ also may be used for the 'goods that are bought and sold'.

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Cotyledons are also called-