Question : Accounting of National Income at constant prices is known as____________.
Option 1: Money income
Option 2: Current income
Option 3: Domestic income
Option 4: Real income
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Correct Answer: Real income
Solution : The correct answer is Real income.
Accounting of National income at constant prices is known as Real income. It is known as real income because National income at constant prices is a true measure of the purchasing power of the people. If the National income at constant prices increases, it means that the purchasing power of the people has gone up.
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Question : The best index of economic development is provided by
Option 1: Growth in per capita real income from year to year
Option 2: Growth in national income at current prices
Option 3: Growth in savings ratio
Option 4: Improvements in the balance of payments position
Question : As of 2019, national income estimates in India are prepared by:
Option 1: National Development Council
Option 2: National Productivity Council
Option 3: National Income Committee
Option 4: Central Statistical Organisation
Question : The heating of a coil is proportional to the nth power of the time of flow of current through it, where n is equal to:
Option 1: +2
Option 2: -2
Option 3: +1
Option 4: -1
Question : Which of the following is the wild habitat of pygmy hogs?
Option 1: Manas National Park
Option 2: Jim Corbett National Park
Option 3: Kanha Tiger Reserve
Option 4: Rajaji National Park
Question : Which of the following is another term for the average income of a country?
Option 1: Inflation rate
Option 2: Per capita expenditure
Option 3: Disposable income
Option 4: Per capita income
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