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National Income Quiz MCQ Practice

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1. National Income accounting in India is estimated by which organization?

  1. A. Finance Ministry directly
  2. B. Reserve Bank of India
  3. C. National Statistical Office (NSO), under MoSPI
  4. D. NITI Aayog
Answer: National Statistical Office (NSO), under MoSPI
Explanation: National Statistical Office (NSO), under MoSPI — verified fact for National Income Quiz.
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2. Per Capita Income is calculated by dividing National Income by:

  1. A. Total tax revenue
  2. B. Total workforce only
  3. C. Total exports
  4. D. Total population
Answer: Total population
Explanation: Total population — verified fact for National Income Quiz.
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3. Net National Product (NNP) is obtained by subtracting depreciation from:

  1. A. GDP directly without adjustment
  2. B. National income at factor cost only
  3. C. Personal income
  4. D. Gross National Product (GNP)
Answer: Gross National Product (GNP)
Explanation: Gross National Product (GNP) — verified fact for National Income Quiz.
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