Question : Suppose the Gross Domestic Product (GDP) of Nation X was INR 2,000 crores in 2018-19, whereas the Gross Domestic Product of Nation Y in the same year was INR 120,000 crores.

If the Gross Domestic Product of Nation X rises to INR 4,000 crores in 2019-20 and the Gross Domestic Product of Nation Y rises to INR 200,000 crores in 2019-20.

Compare the rate of change of GDP of Nations X and Y, taking 2018-19 as base year.

Option 1: X= 100%, Y = 66.67%

Option 2: X = 66.67%, Y = 100%

Option 3: X = 101%, Y = 66.67%

Option 4: X = 100.55%, Y = 99%

Question : If exports equal imports, then which of the following relations will be true?

Option 1: Gross Domestic Product (GDP) = Gross National Product (GNP)

Option 2: Gross Domestic Product (GDP) > Gross National Product (GNP)

Option 3: Gross Domestic Product (GDP) < Gross National Product (GNP)

Option 4: None of these 

Question : If the Real Gross Domestic Product is INR 250 and the Price Index (base = 100) is 120, calculate the Nominal Gross Domestic Product.

Option 1: INR 300

Option 2: INR 350

Option 3: INR 320

Option 4: INR 400

Question : Net domestic product is calculated as_______.

Option 1: Gross Domestic Product (GDP)  - Depreciation

Option 2: Gross National Product (GNP) - Depreciation

Option 3: Gross Domestic Product (GDP) - Net income earned from abroad

Option 4: Gross National Product (GNP)  - Net income earned from abroad

Question : Net National Product of a country is:

Option 1: Gross Domestic Product (GDP) minus depreciation allowances

Option 2: Gross Domestic Product (GDP) plus net income from abroad

Option 3: Gross National Product (GNP) minus net income from abroad

Option 4: Gross National Product (GNP) minus depreciation allowances

Question : Which of the following is not a measure of national income?

Option 1: Gross Domestic Product (GDP)

Option 2: Gross National Product (GNP)

Option 3: Net National Product (NNP)

Option 4: Net Domestic Product (NDP)