National Income Accounting PYQs — 10 UPSC CSE Previous Year Questions

Question 1

Increase in absolute and per capita real GNP do not connote a higher level of economic development, if

Accepted Answer

C. poverty and unemployment increase.

Question 2

The national income of a country for a given period is equal to the

Accepted Answer

D. money value of final goods and services produced

Question 3

In the context of Indian economy, consider the following pairs:

Term	Most Appropriate Description
1. Melt down	Fall in stock prices
2. Recession	Fall in growth rate
3. Slow down	Fall in GDP

Which of the pairs given above is/are correctly matched?

UPSC CSE I - 2010

Accepted Answer

D. Neither 1 nor 2

Question 4

In the context of Indian economy, consider the following pairs:

Term	Most Appropriate Description
1. Melt down	Fall in stock prices
2. Recession	Fall in growth rate
3. Slow down	Fall in GDP

Which of the pairs given above is/are correctly matched?

Accepted Answer

B. 2 & 3 only

Question 5

Which one of the following brings out the publication called ‘Energy Statistics’ from time to time?

Accepted Answer

D. Central Statistical Organization

Question 6

The most appropriate measure of economic growth is:

Accepted Answer

D. Per Capita Real Income

Question 7

The term National Income represents:

Accepted Answer

C. Gross National Product at market prices minus depreciation and indirect taxes plus subsidies

Question 8

In an open economy, the national income (Y) of the economy is: (C, I, G, X, M stand for Consumption, Investment, Govt. Expenditure, total exports and total imports respectively.)

Accepted Answer

C. Y = C + I + G + (X - M)

Question 9

National Income is:

Accepted Answer

B. Net National Product at factor cost

Question 10

Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R):

Assertion (A): Though India's national income has gone up several fold since 1947, there has been no marked improvement in the per capita income level.
Reason (R): Sizeable proportion of the population of India is still living below the poverty line.
In the context of the above two statements which one of the following is correct?

Accepted Answer

B. Both A & R are true but R is not a correct explanation of A