Q. In the Classical system, the role of the government is:
✅ Correct Answer: (C)
limited
Basics of Economics MCQs and Notes
Q. The first estimate of National income in India was done by:
✅ Correct Answer: (C)
dadabai naoroji
Q. National income in India is estimated by:
✅ Correct Answer: (C)
cso
Q. Per capita income is equal to:
✅ Correct Answer: (B)
national income/population
Q. Net factor income from abroad shows the difference between:
✅ Correct Answer: (C)
gnp and gdp
Q. Net indirect taxes means:
✅ Correct Answer: (C)
indirect taxes minus subsidies
Q. Increase in real National Income (NI) means increase in:
✅ Correct Answer: (B)
ni at constant prices
Q. An accounting year in India is:
✅ Correct Answer: (C)
fiscal year
Q. Which of the following is not a method of national income estimation?
✅ Correct Answer: (A)
matrix method