MCQ Quiz
Question 1
National income refers to the income of:
C
Correct Answer: Some nation
Question 2
National income is calculated for:
C
Correct Answer: Every country
Question 3
National income helps judge:
A
Correct Answer: Govt. policies
Question 4
Term for income of some nation
C
Correct Answer: National Income
Question 5
GDP refers to total:
B
Correct Answer: Production
Question 6
To calculate GDP, add money value of:
B
Correct Answer: Goods/services
Question 7
Adding quantities of various types of goods is:
C
Correct Answer: Not possible
Question 8
We add the _______ of goods/services to calculate GDP:
C
Correct Answer: Money value
Question 9
GDP measures total
C
Correct Answer: Production within domestic territory
Question 10
To calculate GDP of cars & computers, we need their
C
Correct Answer: Prices
Question 11
Country with highest national income in 2024:
C
Correct Answer: USA
Question 12
India's national income rank among all countries of the world in 2024 is
D
Correct Answer: Top five
Question 13
Governments calculate national income to understand
C
Correct Answer: Economic standing
Question 14
Comparing national income helps understand
C
Correct Answer: Economic growth
Question 15
Tracking national income helps assess policy effectiveness on
C
Correct Answer: Economy
Question 16
Higher national income suggests greater
C
Correct Answer: Prosperity
Question 17
National income may not reflect people's
C
Correct Answer: Happiness & human development
Question 18
India's improved national income ranking suggests
C
Correct Answer: Economic growth
Question 19
Full form of GDP is
A
Correct Answer: Gross Domestic Product
Question 20
Does high national income definitely indicates prosperity of the people of the country
B
Correct Answer: False
