| 81 |
Which of the following is included when estimating national income? |
Economics/Business Economics
Methods of calculating national income |
Easy |
| 82 |
The problem of double counting is avoided by: |
Economics/Business Economics
Methods of calculating national income |
Easy |
| 83 |
A farmer grows wheat worth ₹100 using no purchased inputs and sells it to a miller. The miller sells flour fo… |
Economics/Business Economics
Methods of calculating national income |
Medium |
| 84 |
In the same chain of farmer, miller and baker, what is the contribution of these three producers to GDP? |
Economics/Business Economics
Methods of calculating national income |
Medium |
| 85 |
A used car dealer buys a second-hand car for ₹3 lakh and sells it for ₹3.2 lakh in the same year. How much do… |
Economics/Business Economics
Methods of calculating national income |
Hard |
| 86 |
National income in India refers to: |
Economics/Business Economics
National income aggregates |
Easy |
| 87 |
Net indirect taxes are equal to: |
Economics/Business Economics
National income aggregates |
Easy |
| 88 |
GDP at market price is ₹1,000 crore, depreciation is ₹100 crore, net factor income from abroad is −₹20 crore … |
Economics/Business Economics
National income aggregates |
Medium |
| 89 |
Nominal GDP of a year is ₹2,400 crore and the GDP deflator is 120. What is real GDP? |
Economics/Business Economics
National income aggregates |
Medium |
| 90 |
For a country, GNP is less than GDP. What can be concluded? |
Economics/Business Economics
National income aggregates |
Hard |
| 91 |
Pollution caused by a factory that harms nearby residents, without any compensation, is an example of: |
Economics/Business Economics
GDP and welfare |
Easy |
| 92 |
Why does GDP underestimate economic activity in an economy where many households grow food for themselves and… |
Economics/Business Economics
GDP and welfare |
Easy |
| 93 |
Real GDP of a country rose by 6%, but almost all the extra income went to the richest 1% of people. Which lim… |
Economics/Business Economics
GDP and welfare |
Medium |
| 94 |
Which situation would raise GDP but may well reduce welfare? |
Economics/Business Economics
GDP and welfare |
Medium |
| 95 |
Country X has a higher GDP than country Y but a much larger population. Which measure would be a better first… |
Economics/Business Economics
GDP and welfare |
Hard |
| 96 |
The main difficulty of barter that money removes is the need for: |
Economics/Business Economics
Money |
Easy |
| 97 |
A shop lists the price of a shirt as ₹600 and of a pair of shoes as ₹1,200. Which function of money is shown … |
Economics/Business Economics
Money |
Easy |
| 98 |
Why is a cheque NOT considered legal tender? |
Economics/Business Economics
Money |
Medium |
| 99 |
A family keeps part of its savings as cash at home to use for a wedding next year. This mainly uses money as … |
Economics/Business Economics
Money |
Medium |
| 100 |
Which statement best explains why modern paper currency is accepted even though the paper itself is nearly wo… |
Economics/Business Economics
Money |
Hard |