In India, the estimate of National Income is usually expressed as: MCQ with Answer and Explanation

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In India, the estimate of National Income is usually expressed as:

A. NNP at factor cost

B. GDP at factor cost

C. GDP at market prices

D. GNP at market prices

Answer: Option A

Solution (By JKSSB Mock Tests)

National Income is conventionally defined as Net National Product at factor cost.

This question belongs to: Economy GK Economy Set 1

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Question #1

The four labour codes in India consolidate how many existing central labour laws?

A. 29

B. 10

C. 44

D. 100

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Correct Answer: Option A

Explanation:
The four labour codes consolidate 29 central labour laws.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Pradhan Mantri Gram Sadak Yojana' was launched in:

A. 1995

B. 2005

C. 2000

D. 2010

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Correct Answer: Option C

Explanation:
PMGSY was launched in 2000.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Agricultural Produce Market Committee' is a:

A. cooperative society

B. statutory body under state APMC Act

C. central government body

D. private market

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Correct Answer: Option B

Explanation:
APMCs are statutory market committees established under state APMC Acts.

This question belongs to: Economy GK Economy Set 1

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