Per capita income is obtained by dividing national income by: MCQ with Answer and Explanation

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Per capita income is obtained by dividing national income by:

A. total number of households

B. total working population

C. total population

D. total labour force

Answer: Option C

Solution (By JKSSB Mock Tests)

Per capita income is national income divided by mid-year total population.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' has increased tax compliance through:

A. IT-based systems like e-invoicing and input tax credit matching

B. only annual filing

C. manual returns only

D. no returns

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Correct Answer: Option A

Explanation:
GST compliance is enhanced by e-invoicing, electronic returns and input tax credit matching.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Foreign Trade Policy' in India is usually announced for a period of:

A. 1 year

B. 5 years

C. 10 years

D. 15 years

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Correct Answer: Option B

Explanation:
Foreign Trade Policy is normally announced for a five-year period.

This question belongs to: Economy GK Economy Set 1

Question #3

The Multidimensional Poverty Index used by NITI Aayog includes which dimensions?

A. Agriculture and industry

B. Health, education and standard of living

C. Income and wealth

D. Employment and wages

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Correct Answer: Option B

Explanation:
The MPI has three dimensions: health, education and standard of living.

This question belongs to: Economy GK Economy Set 1

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